2008
DOI: 10.1007/s00181-008-0197-y
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Downward nominal wage rigidity in Europe: an analysis of European micro data from the ECHP 1994–2001

Abstract: This paper substantially extends the limited available evidence on existence and extent of downward nominal wage rigidity in the European Union and the Euro Area. For this purpose we develop an econometric multi-country model based on Kahn's (1997) histogram-location approach and apply it to employee micro data from the European Community Household Panel (ECHP) for twelve of the EU's current member states. Our estimates for the degree of downward nominal wage rigidity on the national as well as the EU-wide lev… Show more

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Cited by 53 publications
(55 citation statements)
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“…This is not surprising as wage indexation prevents nominal earnings of job stayers from falling. It is also consistent with the evidence of high downward wage rigidity for Belgium found by Du Caju et al (2007) and Knoppik and Beissinger (2005).…”
Section: Resultssupporting
confidence: 92%
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“…This is not surprising as wage indexation prevents nominal earnings of job stayers from falling. It is also consistent with the evidence of high downward wage rigidity for Belgium found by Du Caju et al (2007) and Knoppik and Beissinger (2005).…”
Section: Resultssupporting
confidence: 92%
“…Exits for other motives, including voluntary quits, account for 74% of exits in good times and 71% in adverse times. Further, as noted above, fixed-17 This is consistent with evidence of lower downward wage rigidity for France than for Belgium (see Dickens et al 2007) and Knoppik and Beissinger (2005). Note also that the "stayers" component in Duhautois and Kramarz (2006) should be compared with the sum of " W stay " and " D stay " in Table 2.…”
Section: Reduced Entries and Increased Exits Concern Primarily Employsupporting
confidence: 62%
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“…Studies on the United States, like Altonji and Devereux (2000) and Akerlof et al (1996), consistently find evidence of downward nominal rigidity. Studies on Europe, like Dessy (2005), Dickens et al ( , 2007 and Knoppik and Beissinger (2005), find a lot of cross-country variation and generally less nominal rigidity than in the United States.…”
Section: Ecb Working Paper Series No 840 December 2007mentioning
confidence: 99%
“…Second, recent evidence on downward wage rigidity in Belgium can be found in Dickens et al (2006Dickens et al ( , 2007, Du Caju et al (2007) and Knoppik and Beissinger (2005). These papers point to high downward real wage rigidity in Belgium.…”
Section: Introductionmentioning
confidence: 96%