2007
DOI: 10.1257/jep.21.2.195
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How Wages Change: Micro Evidence from the International Wage Flexibility Project

Abstract: Workers' wages are not set in a spot market. Instead, the wages of most workers-at least those who do not switch jobs-typically change only annually and are mediated by a complex set of institutions and factors such as contracts, unions, standards of fairness, minimum wage policy, transfers of risk, and incomplete information. The goal of the International Wage Flexibility Project (IWFP)-a consortium of over 40 researchers with access to individual workers' earnings data for 16 countries-is to provide new micr… Show more

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Cited by 373 publications
(382 citation statements)
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“…There are different approaches in the literature to estimate the extent of rigidities from individual data. 2 Several studies draw inference about rigidities from asymmetries in the wage change distribution (see Card and Hyslop 1997;Dickens et al 2007). A second group of estimates are based on the assumption that, in the absence of changes in the extent of rigidity, the shape of the wage change distribution is constant over time (see Kahn [1997] and Christofides and Nearchou [2007] for an extension to study DRWR).…”
Section: Methodology and Datamentioning
confidence: 99%
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“…There are different approaches in the literature to estimate the extent of rigidities from individual data. 2 Several studies draw inference about rigidities from asymmetries in the wage change distribution (see Card and Hyslop 1997;Dickens et al 2007). A second group of estimates are based on the assumption that, in the absence of changes in the extent of rigidity, the shape of the wage change distribution is constant over time (see Kahn [1997] and Christofides and Nearchou [2007] for an extension to study DRWR).…”
Section: Methodology and Datamentioning
confidence: 99%
“…Measures based on symmetry are problematic when reasonable estimates of the expected rate of inflation lie above the median wage change (see Dickens et al 2007). Extending Kahn to allow for both DNWR and DRWR is possible, but it requires sufficient variation in the median of the distribution to allow the different types of rigidity to be identified.…”
Section: Methodology and Datamentioning
confidence: 99%
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