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作者：Bauer, Thomas; Bonin, Holger; Goette, Lorenz; Sunde, Uwe
作者单位：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
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 unemp...
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作者：Devicienti, Francesco; Maida, Agata; Sestito, Paolo
作者单位：University of Turin; Collegio Carlo Alberto
摘要：Using the 1985-99 WHIP data, we find a sizable amount of downward wage rigidity in Italy, with a prevalence of real over nominal rigidity. The results hold when real rigidity is identified either with reference to collective bargaining dispositions or to price inflation. Consistently with the labour market reforms of the early 1990s, downward rigidities have become less important over time, with the reduction in real rigidities more than offsetting the rise in nominal rigidities. We also find ...
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作者：Cook, Philip J.; Ludwig, Jens; Venkatesh, Sudhir; Braga, Anthony A.
作者单位：Duke University; University of Chicago; Columbia University; Harvard University
摘要：This article provides an economic analysis of underground gun markets, drawing on interviews with gang members, gun dealers, professional thieves, prostitutes, police, public school security guards and teenagers in the city of Chicago, complemented by results from government surveys of recent arrestees in 22 cities, plus administrative data for suicides, homicides, robberies, arrests and confiscated crime guns. We find evidence that transactions costs are considerable in the underground gun ma...
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作者：Goette, Lorenz; Sunde, Uwe; Bauer, Thomas
作者单位：Federal Reserve System - USA; Federal Reserve Bank - Boston; IZA Institute Labor Economics; University of Bonn; IZA Institute Labor Economics; Ruhr University Bochum
摘要：Wage rigidity - the observation that wages cannot be adjusted downwards - has important implications for labour markets and macroeconomic performance. Empirical evidence on the extent, causes and consequences of wage rigidity on the individual level is relatively scant, however. This Feature presents articles that apply a new methodology to estimate the incidence and extent of nominal and real wage rigidity among the employed in three major European countries (Germany, Italy and Great Britain)...
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作者：Carlin, Wendy
作者单位：University of London; University College London
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作者：Leigh, Andrew
作者单位：Australian National University
摘要：In recent years, researchers have used taxation statistics to estimate the share of total income held by the richest groups, such as the top 10% or the top 1%. Compiling a standardised top income shares dataset for 13 developed countries, I find that there is a strong and significant relationship between top income shares and broader inequality measures, such as the Gini coefficient. This suggests that panel data on top income shares may be a useful substitute for other measures of inequality ...
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作者：Besley, Timothy
作者单位：University of London; London School Economics & Political Science
摘要：The aim of the New Political Economy is to understand important issues that arise in the policy sphere.(1) It is not, as is occasionally hinted, an effort by economists to colonise political science. Rather, the main concern is to extend the competence of economists to analyse issues that require some facility with economic and political decision making. At the margin, the New Political Economy reverses the split that occurred between the disciplines of economics and political science at the e...
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作者：Barwell, Richard D.; Schweitzer, Mark E.
作者单位：Bank of England; Federal Reserve System - USA; Federal Reserve Bank - Kansas City
摘要：This article analyses the extent of rigidities in wage setting in Great Britain over the 1980s and 1990s. Our estimation strategy follows the generalised Altonji and Devereux (2000) model discussed in the introduction to this Feature, but it includes modifications to include some special features of the British data. Our estimates reveal that real rigidities in wage setting are more prevalent than nominal rigidities in Great Britain, although the incidence of these real wage rigidities has fal...
