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Evaluating the Economic Significance of Downward Nominal Wage Rigidity

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NBER2006-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w12611
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资源简介:
The existence of downward nominal wage rigidity has been abundantly documented, but what are its economic implications? This paper demonstrates that, even when wages are allocative, downward wage rigidity can be consistent with weak macroeconomic effects. Firms have an incentive to compress wage
提供机构:
美国国家经济研究局
创建时间:
2006-10-01
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