Browsing Arbeidsnotater / Working Papers by Subject "JEL: C14"
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Are Real Wages Rigid Downwards?
(Working Papers;1/2007, Working paper, 2007)This paper explores the existence of downward real wage rigidity (DRWR) in 19 OECD countries, over the period 1973–1999, using data for hourly nominal earnings at industry level. Based on a nonparametric statistical method, ... -
Bayesian Nonparametric Calibration and Combination of Predictive Distributions
(Working Papers;3/2015, Working paper, 2015)We introduce a Bayesian approach to predictive density calibration and combination that accounts for parameter uncertainty and model set incompleteness through the use of random calibration functionals and random combination ... -
Downward Nominal Wage Rigidity in the OECD
(Working Papers;5/2004, Working paper, 2004)This paper explores the existence of downward nominal wage rigidity (DNWR) in 19 OECD countries, over the period 1973–1999, using data for hourly nominal wages at industry level. Based on a novel nonparametric statistical ... -
Wage Rigidity, Institutions, and Inflation
(Working Papers;2/2009, Working paper, 2009)A number of recent studies have documented extensive downward nominal wage rigidity (DNWR) for job stayers in many OECD countries. However, DNWR for individual workers may induce downward rigidity or “a floor” for the ...