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

Author(s):  
David E. Lebow ◽  
Raven E. Saks ◽  
Beth Anne Wilson

2003 ◽  
Vol 3 (1) ◽  
Author(s):  
David E Lebow ◽  
Raven E Saks ◽  
Beth Anne Wilson


1999 ◽  
Vol 1999 (31) ◽  
pp. 1-37 ◽  
Author(s):  
David E. Lebow ◽  
◽  
Raven Saks Molloy ◽  
Beth Anne Wilson


2016 ◽  
Author(s):  
James M. Holmes ◽  
John M. Holmes ◽  
Patricia A. Hutton




2001 ◽  
Vol 2 (4) ◽  
pp. 385-417 ◽  
Author(s):  
Thomas Beissinger ◽  
Christoph Knoppik

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.



1995 ◽  
Vol 1995 (512) ◽  
pp. 1-28
Author(s):  
Vivek Ghosal ◽  
◽  
Prakash Loungani


2007 ◽  
Author(s):  
Steinar Holden ◽  
Fredrik Wulfsberg






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