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Holden, Steinar; Wulfsberg, Fredrik - 2007

This paper explores the existence of downward real wage rigidity (DRWR) in 19 OECD countries, over the period 1973-1999, using data for hourly nominal earnings at industry level. Based on a nonparametric statistical method, which allows for country and year specific variation in both the median...

Persistent link: https://www.econbiz.de/10010264120

Downward nominal wage rigidity in the OECD

Holden, Steinar; Wulfsberg, Fredrik - 2007

Recent micro studies have documented extensive downward nominal wage rigidity (DNWR) for job stayers in many OECD countries, but the effect on aggregate variables remains disputed. Using data for hourly nominal wages, we explore the existence of DNWR on wages at the industry level in 19 OECD...

Persistent link: https://www.econbiz.de/10010264139

Wage rigidity, institutions, and inflation

Holden, Steinar; Wulfsberg, Fredrik - 2009

A number of recent studies have documented extensive downward nominal wage rigidity (DNWR) for job stayers in many OECD countries. However, DNWR for individual workers may induce downward rigidity or a floor" for the aggregate wage growth at positive or negative levels. Aggregate wage growth may...

Persistent link: https://www.econbiz.de/10010264564

Exports and property prices in France: Are they connected?

Égert, Balázs; Kierzenkowski, Rafal - 2010

France has seen a marked deterioration in its export performance in the last 10 years or so. Previous empirical … research pointed out that weak export performance was due to i) vigorous domestic demand; ii) lower mark-ups due to head …. Our econometric analysis shows that the resource reallocation argument helps explain French export performance between the …

Persistent link: https://www.econbiz.de/10010273872