全球智库信息集成服务系统(G2TT): DP7706 Price, Wage and Employment Response to Shocks: Evidence from the WDN Survey

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP7706
	DP7706 Price, Wage and Employment Response to Shocks: Evidence from the WDN Survey
	Giuseppe Bertola; Claudia Kwapil; Marco Hoeberichts; Aurelijus Dabusinskas; Daniel Radowski; Jérémi Montornes
发表日期	2010-02-21
出版年	2010
语种	英语
摘要	This paper analyses information from survey data collected in the framework of the Eurosystem?s Wage Dynamics Network (WDN) on patterns of firm-level adjustment to shocks. We document that the relative intensity and the character of price vs. cost and wage vs. employment adjustments in response to cost-push shocks depend - in theoretically sensible ways - on the intensity of competition in firms? product markets, on the importance of collective wage bargaining and on other structural and institutional features of firms and of their environment. Focusing on the pass-through of cost shocks to prices, our results suggest that the pass-through is lower in highly competitive firms. Furthermore, a high degree of employment protection and collective wage agreements tend to make this pass-through stronger.
主题	International Macroeconomics ; Labour Economics
关键词	European union Labour-market institutions Survey data Wage bargaining
URL	https://cepr.org/publications/dp7706
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/536543
推荐引用方式 GB/T 7714	Giuseppe Bertola,Claudia Kwapil,Marco Hoeberichts,et al. DP7706 Price, Wage and Employment Response to Shocks: Evidence from the WDN Survey. 2010.