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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w25470 |
来源ID | Working Paper 25470 |
How Prevalent Is Downward Rigidity in Nominal Wages? Evidence from Payroll Records in Washington State | |
Ekaterina S. Jardim; Gary Solon; Jacob L. Vigdor | |
发表日期 | 2019-01-21 |
出版年 | 2019 |
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. The U.S. evidence on this assumption has been inconclusive because of distortions from reporting error in household surveys. Following a British literature, we reconsider the issue with more accurate wage data from the payroll records of most employers in the State of Washington over the period 2005-2015. For every one of the 40 four-quarters-apart periods for which we observe year-to-year wage changes, we find that at least 20 percent of job stayers experience nominal wage reductions. |
主题 | Macroeconomics ; Consumption and Investment ; Labor Economics ; Labor Compensation |
URL | https://www.nber.org/papers/w25470 |
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/583144 |
推荐引用方式 GB/T 7714 | Ekaterina S. Jardim,Gary Solon,Jacob L. Vigdor. How Prevalent Is Downward Rigidity in Nominal Wages? Evidence from Payroll Records in Washington State. 2019. |
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 | ||
w25470.pdf(389KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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