Wage rigidity in Italy
AbstractIn 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
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Bibliographic InfoPaper provided by Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano in its series Departmental Working Papers with number 2004-18.
Date of creation: 01 Jan 2004
Date of revision:
This paper has been announced in the following NEP Reports:
- NEP-ALL-2004-07-11 (All new papers)
- NEP-LAB-2004-07-11 (Labour Economics)
- NEP-LTV-2004-07-11 (Unemployment, Inequality & Poverty)
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