Do sticky wages matter? New evidence from matched firm-survey and register data

Autor:	Funk, Anne Kathrin, Kaufmann, Daniel
Jazyk:	angličtina
Rok vydání:	2020
Předmět:	Downward nominal wage rigidity Income unemployment deflation income E50 ddc:330 E40 E30
Zdroj:	KOF Working Papers, 480
Popis:	This paper provides novel evidence on downward nominal wage rigidities and their allocative effects in Switzerland. We match individual wages from a bi-annual firm survey with information on annual income and employment from social security register data. We find relevant downward nominal wage rigidities in the base wage, which accounts for more than 90% of employment income. We then identify the allocative effects of downward nominal wage rigidities on income and employment after an unexpected 1% decline of the consumer price level. Base wage rigidities cause a decline of aggregate income (-0.39%) and employment income (-0.97%), as well as an increase of unemployment (2.11%). KOF Working Papers, 480
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::984de46ea20da3d54d3b7c44781406b4 https://hdl.handle.net/10419/238289 Zobrazit plný text záznamu