scholarly journals Is Nominal Wage Rigidity a Problem in the Case of Deflation Driven by Economic Growth?

2020 ◽  
Vol 68 (3) ◽  
pp. 267-289
Author(s):  
Tomáš Frömmel ◽  
Pavel Potužák
Keyword(s):  
Economic Growth ◽  
Wage Rigidity ◽  
Nominal Wage ◽  
Nominal Wage Rigidity

The Firm, Wage Indexation, and Nominal Wage Rigidity

2016 ◽  
Author(s):  
James M. Holmes ◽  
John M. Holmes ◽  
Patricia A. Hutton
Keyword(s):  
Wage Rigidity ◽  
Nominal Wage ◽  
Wage Indexation ◽  
Nominal Wage Rigidity

Downward Nominal Wage Rigidity and Determinacy of Equilibrium

2020 ◽  
Author(s):  
Tomohide Mineyama
Keyword(s):  
Wage Rigidity ◽  
Nominal Wage ◽  
Nominal Wage Rigidity

Downward Nominal Rigidity in West German Earnings, 1975-95

2001 ◽  
Vol 2 (4) ◽  
pp. 385-417 ◽  
Author(s):  
Thomas Beissinger ◽  
Christoph Knoppik
Keyword(s):  
Business Cycle ◽  
Analytical Framework ◽  
Wage Rigidity ◽  
Nominal Wage ◽  
Symmetry Approach ◽  
Nominal Rigidity ◽  
Inflation Targets ◽  
Nominal Wage Rigidity ◽  
Time Invariant

Abstract If downward nominal wage rigidity exists, it should affect the distribution of earnings changes. We present a common analytical framework for three distinct and previously unconnected approaches to the analysis of downward nominal rigidity, the skewness±location approach, the symmetry approach and the histogram±location approach. We modify them by dropping the assumption of time-invariant rigidity and apply them to earnings data from the IABB-escha Èftigtenstichprobe (IABS). We find that the distribution of West German log earnings changes is indeed affected by downward nominal rigidity. Our modification of the approaches also allows us to find that the degree of nominal rigidity depends on business cycle conditions, with weaker rigidity in times of rising unemployment. Our findings support the critics of very low inflation targets.

scholarly journals Downward Nominal Wage Rigidity: Evidence from the Employment Cost Index

1999 ◽  
Author(s):  
David E. Lebow ◽  
Raven E. Saks ◽  
Beth Anne Wilson
Keyword(s):  
Wage Rigidity ◽  
Nominal Wage ◽  
Cost Index ◽  
Nominal Wage Rigidity

scholarly journals Evidence of Nominal Wage Rigidity From a Panel of U.S. Manufacturing Industries

1995 ◽  
Vol 1995 (512) ◽  
pp. 1-28
Author(s):  
Vivek Ghosal ◽  
◽  
Prakash Loungani
Keyword(s):  
Manufacturing Industries ◽  
Wage Rigidity ◽  
Nominal Wage ◽  
Nominal Wage Rigidity

scholarly journals Downward Nominal Wage Rigidity in the OECD

2007 ◽  
Author(s):  
Steinar Holden ◽  
Fredrik Wulfsberg
Keyword(s):  
Wage Rigidity ◽  
Nominal Wage ◽  
Nominal Wage Rigidity

Nominal Wage Rigidity and Industry Characteristics in the Downturns of 1893, 1929, and 1981

2000 ◽  
Vol 90 (5) ◽  
pp. 1432-1446 ◽  
Author(s):  
Christopher Hanes
Keyword(s):  
Wage Rigidity ◽  
Nominal Wage ◽  
Nominal Wage Rigidity

The Development of Nominal Wage Rigidity in Nineteenth-Century America

1992 ◽  
Vol 52 (2) ◽  
pp. 454-456 ◽  
Author(s):  
Christopher Hanes
Keyword(s):  
Nineteenth Century ◽  
Wage Rigidity ◽  
Nominal Wage ◽  
Nineteenth Century America ◽  
Nominal Wage Rigidity

scholarly journals The extent and consequences of downward nominal wage rigidity

2004 ◽  
pp. 383-431 ◽  
Author(s):  
Joseph G Altonji ◽  
Paul J Devereux
Keyword(s):  
Wage Rigidity ◽  
Nominal Wage ◽  
Nominal Wage Rigidity
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