Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/222160 
Erscheinungsjahr: 
2019
Quellenangabe: 
[Journal:] IZA Journal of Labor Policy [ISSN:] 2193-9004 [Volume:] 8 [Issue:] 1 [Publisher:] Springer [Place:] Heidelberg [Year:] 2019 [Pages:] 1-18
Verlag: 
Springer, Heidelberg
Zusammenfassung: 
This paper provides evidence on the role of non-base wage components as a channel for firms to adjust labour costs in the event of adverse shocks. It uses data from a firm-level survey for 25 European countries that covers the period 2010-2013. We find that firms subject to nominal wage rigidities, which prevent them from adjusting base wages, are more likely to cut non-base wage components when they are hit by negative shocks. Firms thus use non-base wage components as a strategic margin to overcome base wage rigidity. We also show that while non-base wage components exhibit some degree of downward rigidity this is smaller than that observed for base wages.
Schlagwörter: 
Downward nominal wage rigidity
Bonuses
Firm survey
European Union
JEL: 
J30
J32
C81
P5
Persistent Identifier der Erstveröffentlichung: 
Creative-Commons-Lizenz: 
cc-by Logo
Dokumentart: 
Article
Erscheint in der Sammlung:

Datei(en):
Datei
Größe
694.33 kB





Publikationen in EconStor sind urheberrechtlich geschützt.