Titelaufnahme

Titel
How prevalent is downward rigidity in nominal wages? Evidence from payroll records in Washington State / Ekaterina Jardim (Amazon), Gary Solon (University of Michigan, NBER and IZA), Jacob Vigdor (University of Washington and NBER) ; IZA Institute of Labor Economics
VerfasserJardim, Ekaterina ; Solon, Gary ; Vigdor, Jacob L.
KörperschaftForschungsinstitut zur Zukunft der Arbeit
ErschienenBonn, Germany : IZA Institute of Labor Economics, January 2019
Ausgabe
Elektronische Ressource
Umfang1 Online-Ressource (23 Seiten) : Diagramme
SerieDiscussion paper ; no. 12124
URNurn:nbn:de:hbz:5:2-179518 
Zugriffsbeschränkung
 Das Dokument ist öffentlich zugänglich im Rahmen des deutschen Urheberrechts.
Volltexte
How prevalent is downward rigidity in nominal wages? Evidence from payroll records in Washington State [0.6 mb]
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Zusammenfassung (Englisch)

For more than 80 years, many macroeconomic analyses have been premised on the assumption that workers' nominal wage rates cannot be cut. The U.S. evidence on this assumption has been inconclusive because of distortions from reporting error in household surveys. Following a British literature, we reconsider the issue with more accurate wage data from the payroll records of most employers in the State of Washington over the period 2005-2015. For every one of the 40 four-quarters-apart periods for which we observe yearto- year wage changes, we find that at least 20 percent of job stayers experience nominal wage reductions.