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The Kernel-Location Approach - A New Non-parametric Approach to the Analysis of Download Nominal Rigidity in Micro Data

  • Knoppik, Christoph

A new econometric approach to the analysis of downward nominal wage rigidity in micro data is proposed, the kernel-location approach. It combines kernel-density estimation and the principle of joint variation of location and shape of the distribution of per cent annual nominal wage changes. The approach provides partial estimates of the counterfactual and factual distributions, of the rigidity function and of the degree of downward nominal wage rigidity. It avoids problematic assumptions of other semi- or non-parametric approaches to downward nominal wage rigidity in micro data and allows a discussion of the type of downward nominal wage rigidity encountered in data. Der vorliegende Beitrag stellt einen neuen ökonometrischen Ansatz zur Analyse der Abwärtsnominallohnstarrheit in Mikrodaten vor, den sogenannten Kernel-Location-Approach. Dieser kombiniert die Schätzung der Kernel-Dichte und das Prinzip der verbundenen Variation von Lage sowie Form der Verteilung von prozentualen jährlichen Nominallohnänderungen. Der Ansatz liefert Teilschätzungen der kontrafaktischen und der faktischen Verteilungen, der Starrheitsfunktion und des Grades der Abwärtsnominallohnstarrheit. Er vermeidet problematische Annahmen anderer semi- oder nicht-parametrischer Ansätze zur Abwärtsnominallohnstarrheit in Mikrodaten und ermöglicht die Diskussion verschiedener Arten der in Daten anzutreffenden Abwärtsnominallohnstarrheit.

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File URL: http://epub.uni-regensburg.de/4527/1/kno03kernel.pdf
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Paper provided by University of Regensburg, Department of Economics in its series University of Regensburg Working Papers in Business, Economics and Management Information Systems with number 392.

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Date of creation: 2004
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Handle: RePEc:bay:rdwiwi:662
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  1. Härdle, W.K., 1992. "Applied Nonparametric Methods," Discussion Paper 1992-6, Tilburg University, Center for Economic Research.
  2. Knoppik, Christoph & Beissinger, Thomas, 2001. "How Rigid are Nominal Wages? Evidence and Implications for Germany," IZA Discussion Papers 357, Institute for the Study of Labor (IZA).
  3. David Card & Dean Hyslop, 1996. "Does Inflation "Grease the Wheels of the Labor Market"?," NBER Working Papers 5538, National Bureau of Economic Research, Inc.
  4. Thomas Beissinger & Christoph Knoppik, 2001. "Downward Nominal Rigidity in West German Earnings, 1975-95," German Economic Review, Verein für Socialpolitik, vol. 2(4), pages 385-417, November.
  5. Oliver LINTON, . "Applied nonparametric methods," Statistic und Oekonometrie 9312, Humboldt Universitaet Berlin.
  6. McLaughlin, Kenneth J., 1994. "Rigid wages?," Journal of Monetary Economics, Elsevier, vol. 34(3), pages 383-414, December.
  7. Christina D. Romer & David H. Romer, 1997. "Reducing Inflation: Motivation and Strategy," NBER Books, National Bureau of Economic Research, Inc, number rome97-1, October.
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