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dc.contributor.authorStüber, Heikoen
dc.contributor.authorBeissinger, Thomasen
dc.date.accessioned2011-01-12-
dc.date.accessioned2011-04-15T09:47:16Z-
dc.date.available2011-04-15T09:47:16Z-
dc.date.issued2010-
dc.identifier.piurn:nbn:de:bsz:100-opus-5144en
dc.identifier.urihttp://hdl.handle.net/10419/44971-
dc.description.abstractFocusing on the compression of wage cuts, many empirical studies find a high degree of downward nominal wage rigidity (DNWR). However, the resulting macroeconomic effects seem to be surprisingly weak. This contradiction can be explained within an intertemporal framework in which DNWR not only prevents nominal wage cuts but also induces firms to compress wage increases. We analyze whether a compression of wage increases occurs when DNWR is binding by applying Unconditional Quantile Regression and Seemingly Unrelated Regression to a data set comprising more than 169 million wage changes. We find evidence for a compression of wage increases and only very small effects of DNWR on average real wage growth. The results indicate that DNWR does not provide a strong argument against low inflation targets.en
dc.language.isoengen
dc.publisher|aUniversität Hohenheim, Forschungszentrum Innovation und Dienstleistung (FZID) |cStuttgarten
dc.relation.ispartofseries|aFZID Discussion Paper |x22-2010en
dc.subject.jelE24en
dc.subject.jelE31en
dc.subject.jelJ31en
dc.subject.ddc330en
dc.subject.keywordDownward Nominal Wage Rigidityen
dc.subject.keywordWage Stickinessen
dc.subject.keywordWage Compressionen
dc.subject.keywordUnconditional Quantile Regressionen
dc.subject.stwLohnpolitiken
dc.subject.stwReallohnen
dc.subject.stwLohntheorieen
dc.subject.stwRegressionen
dc.subject.stwQualitatives Verfahrenen
dc.subject.stwGeldpolitisches Zielen
dc.titleDoes downward nominal wage rigidity dampen wage increases?-
dc.typeWorking Paperen
dc.identifier.ppn643789618en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:fziddp:222010en

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