Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/51280 
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dc.contributor.authorBehr, Andreasen
dc.contributor.authorPötter, Ulrichen
dc.date.accessioned2011-11-03-
dc.date.accessioned2011-11-14T17:08:37Z-
dc.date.available2011-11-14T17:08:37Z-
dc.date.issued2005-
dc.identifier.urihttp://hdl.handle.net/10419/51280-
dc.description.abstractWe suggest a new parametric approach to estimate the extent of downward nominal wage rigidity in ten European countries between 1994 and 2001. The data base used throughout is the User Data Base (UDB) of the European Community Household Panel (ECHP). The proposed approach is based on the very flexible generalized hyperbolic distribution which allows to model wage change distributions characterized by thick tales, skewness and leptokurtosis. Significant downward nominal wage rigidity is found in all countries under analysis, but the extent varies considerably across countries. Yearly estimates reveal increasing rigidity in Italy, Greece and Portugal, while rigidity is declining in Denmark and Belgium. The results imply that the costs of price stability differ substantially across Europe.en
dc.language.isoengen
dc.publisher|aWestfälische Wilhelms-Universität Münster, Centrum für Angewandte Wirtschaftsforschung (CAWM) |cMünsteren
dc.relation.ispartofseries|aBeiträge zur angewandten Wirtschaftsforschung |x14en
dc.subject.jelE24en
dc.subject.jelJ30en
dc.subject.jelC51en
dc.subject.ddc330en
dc.titleDownward wage rigidity in Europe: A new flexible parametric approach and empirical results-
dc.typeWorking Paperen
dc.identifier.ppn671430211en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:cawmbg:14en

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