المستودع الأكاديمي جامعة المدينة

Real and Nominal Wage Rigidities and the Rate of Inflation : Evidence from West German Micro Data

أعرض تسجيلة المادة بشكل مبسط

dc.creator Bauer, Thomas K.
dc.creator Bonin, Holger
dc.creator Sunde, Uwe
dc.date 2004
dc.date.accessioned 2013-10-16T07:00:34Z
dc.date.available 2013-10-16T07:00:34Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/18563
dc.identifier ppn:381734153
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/18563
dc.description The paper examines real and nominal wage rigidities.We estimate a switching regime model, in which the observed distribution of individual wage changes, computed from West German register data for 1976-1997, is generated by simultaneous processes of real, nominal or no wage rigidity, and measurement error. The fraction of workers facing wage increases that are due to nominal, but mostly real wage rigidity is substantial.The extent of real rigidity rises with inflation, whereas the opposite holds for nominal rigidity. Overall, the incidence of wage rigidity, which accelerates unemployment growth, is most likely minimized in an environment with moderate inflation.
dc.language eng
dc.publisher
dc.relation RWI Discussion Papers 12
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject J51
dc.subject J31
dc.subject E52
dc.subject ddc:330
dc.subject downward wage rigidity
dc.subject real effects of inflation
dc.subject collective bargaining
dc.subject switching regime model
dc.subject West Germany
dc.subject Lohnrigidität
dc.subject Reallohn
dc.subject Inflationsrate
dc.subject Tarifpolitik
dc.subject Schätzung
dc.subject Deutschland
dc.subject Alte Bundesländer
dc.subject regime switching model
dc.title Real and Nominal Wage Rigidities and the Rate of Inflation : Evidence from West German Micro Data
dc.type doc-type:workingPaper


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