Blar i Arbeidsnotater / Working Papers på emneord "downward nominal wage rigidity"

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    • Downward Nominal Wage Rigidity in the OECD 

      Holden, Steinar; Wulfsberg, Fredrik (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 Formation Under Low Inflation 

      Holden, Steinar (Working Papers;14/2004, Working paper, 2004)
      This paper reviews the literature on the effects of low steady-state inflation on wage formation, focusing on four different effects. First, under low inflation, downward nominal wage rigidity (DNWR) may prevent real wage ...

    • Wage Rigidity, Institutions, and Inflation 

      Holden, Steinar; Wulfsberg, Fredrik (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 ...