全球智库信息集成服务系统(G2TT): How Prevalent Is Downward Rigidity in Nominal Wages? International Evidence from Payroll Records and Pay Slips

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w25393
来源ID	Working Paper 25393
	How Prevalent Is Downward Rigidity in Nominal Wages? International Evidence from Payroll Records and Pay Slips
	Michael W. Elsby; Gary Solon
发表日期	2018-12-24
出版年	2018
语种	英语
摘要	For more than 80 years, many macroeconomic analyses have been premised on the assumption that workers’ nominal wage rates cannot be cut. Contrary evidence from household surveys reasonably has been discounted on the ground that the measurement of frequent wage cuts might be an artifact of reporting error. This article summarizes a more recent wave of studies based on more accurate wage data from payroll records and pay slips. By and large, these studies indicate that, except in extreme circumstances (when nominal wage cuts are either legally prohibited or rendered beside the point by very high inflation), nominal wage cuts from one year to the next appear quite common, typically affecting 15-25 percent of job stayers in periods of low inflation.
主题	Macroeconomics ; Consumption and Investment ; Labor Economics ; Labor Compensation
URL	https://www.nber.org/papers/w25393
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/583067
推荐引用方式 GB/T 7714	Michael W. Elsby,Gary Solon. How Prevalent Is Downward Rigidity in Nominal Wages? International Evidence from Payroll Records and Pay Slips. 2018.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w25393.pdf（150KB）	智库出版物		限制开放	CC BY-NC-SA	浏览