G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w25470
来源IDWorking 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
URLhttps://www.nber.org/papers/w25470
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/583144
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Ekaterina S. Jardim,Gary Solon,Jacob L. Vigdor. How Prevalent Is Downward Rigidity in Nominal Wages? Evidence from Payroll Records in Washington State. 2019.
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