| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w20770 |
| 来源ID | Working Paper 20770 |
| Nominal Wage Rigidity in Village Labor Markets | |
| Supreet Kaur | |
| 发表日期 | 2014-12-22 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | This paper tests for downward nominal wage rigidity by examining transitory shifts in labor demand, generated by rainfall shocks, in 600 Indian districts from 1956-2009. Nominal wages rise in response to positive shocks but do not fall during droughts. In addition, transitory positive shocks generate ratcheting: after they have dissipated, nominal wages do not adjust back down. This ratcheting effect generates a 9% reduction in employment levels. Inflation enables downward real wage adjustments both during droughts and after positive shocks. Survey evidence suggests that workers and employers believe that nominal wage cuts are unfair and lead to effort reductions. |
| 主题 | Macroeconomics ; Consumption and Investment ; Labor Economics ; Labor Compensation ; Development and Growth ; Development |
| URL | https://www.nber.org/papers/w20770 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/578445 |
| 推荐引用方式 GB/T 7714 | Supreet Kaur. Nominal Wage Rigidity in Village Labor Markets. 2014. |
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