The Incidence of Nominal and Real Wage Rigidity : An Individual-Based Sectoral Approach

This paper presents estimates based on individual data of downward nominal and real wage rigidities for 13 sectors in Belgium, Denmark, Spain, and Portugal. Our methodology follows the approach recently developed for the International Wage Flexibility Project, whereby resistance to nominal and real...

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Main Authors:	Messina, Julian, Du Caju, Philip, Duarte, Claudia Filipa, Hansen, Niels Lynggard, Izquierdo, Mario
Format:	Journal Article
Language:	EN
Published:	2012
Subjects:	Employment Unemployment Wages Intergenerational Income Distribution Aggregate Human Capital E240 Wage Level and Structure Wage Differentials J310
Online Access:	http://hdl.handle.net/10986/4769

id	okr-10986-4769
recordtype	oai_dc
spelling	okr-10986-47692021-04-23T14:02:19Z The Incidence of Nominal and Real Wage Rigidity : An Individual-Based Sectoral Approach Messina, Julian Du Caju, Philip Duarte, Claudia Filipa Hansen, Niels Lynggard Izquierdo, Mario Employment Unemployment Wages Intergenerational Income Distribution Aggregate Human Capital E240 Wage Level and Structure Wage Differentials J310 This paper presents estimates based on individual data of downward nominal and real wage rigidities for 13 sectors in Belgium, Denmark, Spain, and Portugal. Our methodology follows the approach recently developed for the International Wage Flexibility Project, whereby resistance to nominal and real wage cuts is measured through departures of observed individual wage change histograms from an estimated counterfactual wage change distribution that would have prevailed in the absence of rigidity. Our estimates of wage rigidities are set against structural features of the labour markets studied, including the wage bargaining level and the degree of product market competition. 2012-03-30T07:29:39Z 2012-03-30T07:29:39Z 2010 Journal Article Journal of the European Economic Association 15424766 http://hdl.handle.net/10986/4769 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article Belgium Denmark Spain Portugal
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	EN
topic	Employment Unemployment Wages Intergenerational Income Distribution Aggregate Human Capital E240 Wage Level and Structure Wage Differentials J310
spellingShingle	Employment Unemployment Wages Intergenerational Income Distribution Aggregate Human Capital E240 Wage Level and Structure Wage Differentials J310 Messina, Julian Du Caju, Philip Duarte, Claudia Filipa Hansen, Niels Lynggard Izquierdo, Mario The Incidence of Nominal and Real Wage Rigidity : An Individual-Based Sectoral Approach
geographic_facet	Belgium Denmark Spain Portugal
relation	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
description	This paper presents estimates based on individual data of downward nominal and real wage rigidities for 13 sectors in Belgium, Denmark, Spain, and Portugal. Our methodology follows the approach recently developed for the International Wage Flexibility Project, whereby resistance to nominal and real wage cuts is measured through departures of observed individual wage change histograms from an estimated counterfactual wage change distribution that would have prevailed in the absence of rigidity. Our estimates of wage rigidities are set against structural features of the labour markets studied, including the wage bargaining level and the degree of product market competition.
format	Journal Article
author	Messina, Julian Du Caju, Philip Duarte, Claudia Filipa Hansen, Niels Lynggard Izquierdo, Mario
author_facet	Messina, Julian Du Caju, Philip Duarte, Claudia Filipa Hansen, Niels Lynggard Izquierdo, Mario
author_sort	Messina, Julian
title	The Incidence of Nominal and Real Wage Rigidity : An Individual-Based Sectoral Approach
title_short	The Incidence of Nominal and Real Wage Rigidity : An Individual-Based Sectoral Approach
title_full	The Incidence of Nominal and Real Wage Rigidity : An Individual-Based Sectoral Approach
title_fullStr	The Incidence of Nominal and Real Wage Rigidity : An Individual-Based Sectoral Approach
title_full_unstemmed	The Incidence of Nominal and Real Wage Rigidity : An Individual-Based Sectoral Approach
title_sort	incidence of nominal and real wage rigidity : an individual-based sectoral approach
publishDate	2012
url	http://hdl.handle.net/10986/4769
_version_	1764392689428594688

The Incidence of Nominal and Real Wage Rigidity : An Individual-Based Sectoral Approach

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