Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/34673 
Year of Publication: 
2007
Series/Report no.: 
IZA Discussion Papers No. 2799
Publisher: 
Institute for the Study of Labor (IZA), Bonn
Abstract: 
An earlier study of wage agreements, reached in the Canadian unionized sector between 1976-99, found that wage adjustment is characterized by downward nominal rigidity and significant spikes at zero. We extend this earlier approach to encompass the possibility of real as well as nominal wage rigidity. The addition of real wage rigidity variables enhances earlier results and suggests that real rigidity increases significantly the mass in the histogram bin containing the mean anticipated rate of inflation, as well as in adjacent bins. Downward nominal wage rigidities and spikes at zero remain important.
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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