Non-base wage components as a source of wage adaptability to shocks: evidence from European firms, 2010–2013

Autor:	Fernando Martins, Jan Babecký, Paweł Strzelecki, Ludmila Fadejeva, Ana Lamo, Petra Marotzke, Clémence Berson
Jazyk:	angličtina
Rok vydání:	2019
Předmět:	Organizational Behavior and Human Resource Management Economics and Econometrics Labour economics media_common.quotation_subject Wage Lohnrigidität Arbeitskosten Adaptability Firm survey Margin (finance) 0502 economics and business ddc:330 Economics Bonuses media_common.cataloged_instance European Union J30 050207 economics European union 050205 econometrics media_common J32 05 social sciences P5 Labor policy. Labor and the state Base (topology) Leistungsentgelt HD7795-8027 Schock Industrial relations C81 EU-Staaten Downward nominal wage rigidity
Zdroj:	IZA Journal of Labor Policy, Vol 8, Iss 1, Pp 1-18 (2019)
ISSN:	2193-9004
DOI:	10.1186/s40173-018-0106-8
Popis:	This paper provides evidence on the role of non-base wage components as a channel for firms to adjust labour costs in the event of adverse shocks. It uses data from a firm-level survey for 25 European countries that covers the period 2010–2013. We find that firms subject to nominal wage rigidities, which prevent them from adjusting base wages, are more likely to cut non-base wage components when they are hit by negative shocks. Firms thus use non-base wage components as a strategic margin to overcome base wage rigidity. We also show that while non-base wage components exhibit some degree of downward rigidity this is smaller than that observed for base wages.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::064e5e8f8381205bc89e36b20ae15eb1 http://link.springer.com/article/10.1186/s40173-018-0106-8 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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