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Wage rigidity in Italy

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  • Orietta DESSY

Abstract

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

Suggested Citation

  • Orietta DESSY, 2004. "Wage rigidity in Italy," Departmental Working Papers 2004-18, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    • Handle: RePEc:mil:wpdepa:2004-18
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    Cited by:

    1. Holden , Steinar & Wulfsberg, Fredrik, 2009. "Wage Rigidity, Institutions, and Inflation," Memorandum 03/2009, Oslo University, Department of Economics.
    2. Thomas Beissinger & Chritoph Knoppik, 2005. "Sind Nominallöhne starr? Neuere Evidenz und wirtschaftspolitische Implikationen," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 6(2), pages 171-188, May.
    3. Steinar Holden, 2001. "Monetary Policy and Nominal Rigidities under Low Inflation," CESifo Working Paper Series 481, CESifo.
    4. Steinar Holden, 2001. "Does Price Stability Exacerbate Labour Market Rigidities in the EMU?," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 28(4), pages 403-418, December.
    5. Christoph Knoppik & Thomas Beissinger, 2009. "Downward nominal wage rigidity in Europe: an analysis of European micro data from the ECHP 1994–2001," Empirical Economics, Springer, vol. 36(2), pages 321-338, May.
    6. Steinar Holden, 2005. "Wage Formation under Low Inflation," Springer Books, in: Hannu Piekkola & Kenneth Snellman (ed.), Collective Bargaining and Wage Formation, pages 39-57, Springer.
    7. Steinar Holden & Fredrik Wulfsberg, 2004. "Downward Nominal Wage Rigidity in Europe (new title: The costs of price stability - downward nominal wage rigidity in Europe)," CESifo Working Paper Series 1177, CESifo.
    8. Steinar Holden, 2002. "The Costs of Price Stability - Downward Nominal Wage Rigidity in Europe," NBER Working Papers 8865, National Bureau of Economic Research, Inc.

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