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Price, wage and employment response to shocks: evidence from the WDN survey

Author

Listed:
  • Bertola, Giuseppe
  • Dabusinskas, Aurelijus
  • Hoeberichts, Marco M.
  • Izquierdo, Mario
  • Kwapil, Claudia
  • Montornès, Jérémi
  • Radowski, Daniel

Abstract

This paper analyses information from survey data collected in the framework of the Eurosystem's Wage Dynamics Network (WDN) on patterns of firm-level adjustment to shocks. We document that the relative intensity and the character of price vs. cost and wage vs. employment adjustments in response to cost-push shocks depend JEL Classification: J31, J38, P50

Suggested Citation

  • Bertola, Giuseppe & Dabusinskas, Aurelijus & Hoeberichts, Marco M. & Izquierdo, Mario & Kwapil, Claudia & Montornès, Jérémi & Radowski, Daniel, 2010. "Price, wage and employment response to shocks: evidence from the WDN survey," Working Paper Series 1164, European Central Bank.
    • Handle: RePEc:ecb:ecbwps:20101164
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    More about this item

    Keywords

    European Union; labour-market institutions; survey data; wage bargaining;
    All these keywords.

    JEL classification:

    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • J38 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Public Policy
    • P50 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - General

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