Real and nominal wage rigidities and the rate of inflation: Evidence from West German micro data
成果类型：
Article
署名作者：
Bauer, Thomas; Bonin, Holger; Goette, Lorenz; Sunde, Uwe
署名单位：
Leibniz Association; RWI - Leibniz Institut fur Wirtschaftsforschung; IZA Institute Labor Economics; Ruhr University Bochum; Leibniz Association; Zentrum fur Europaische Wirtschaftsforschung (ZEW); Federal Reserve System - USA; Federal Reserve Bank - Boston; University of Bonn
刊物名称：
ECONOMIC JOURNAL
ISSN/ISSBN：
0013-0133
DOI：
10.1111/j.1468-0297.2007.02094.x
发表日期：
2007
页码：
F508-F529
关键词：
摘要：
This article examines real and nominal wage rigidities in West Germany. Using regionally disaggregated register data for 1975-2001, we estimate the extent of both types of wage rigidities from the observed distribution of individual wage changes, taking into account possible measurement error. The fraction of workers facing wage increases that are caused by nominal and particularly real wage rigidity is substantial. The extent of real rigidity rises with inflation and falls with regional unemployment, whereas the opposite holds for nominal rigidity. Overall, the incidence of wage rigidity, which accelerates unemployment growth, is most likely minimised in a moderate inflation environment.
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