English, Article, Journal or magazine article edition: Wage rigidity in Italy Orietta DESSY

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Bookmark: http://trove.nla.gov.au/version/58351
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Wage rigidity in Italy
Author
  • Orietta DESSY
Physical Description
  • preprint
Notes
  • In this study we analyse wage rigidity at the individual level in Italy, presenting evidence from the 1989-1995 Survey of the Bank of Italy. A deep statistical analysis is carried out, replicatingprevious approaches by McLaughlin, Card and Hyslop and Kahn over similar US data. We alsopropose new, simple tests for wage rigidity. The different approaches adopted seem to go in thesame the direction of showing a relevant, persistent degree of nominal wage rigidity in Italy. Theextent of wage rigidity is significant not only for employees staying in the same firm, but also formovers. At the same time, wages are not completely downwardly rigid: a certain percentage ofwage cuts is reported by individuals
  • RePEc:mil:wpdepa:2004-18
Language
  • English
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