Wage policy and endogenous wage rigidity a representative view from the inside
We report the results from a representative survey of human resource managers in 885 Swedish firms. We estimate that during the severe recession of the 1990s, only 1.1 percent of workers took a cut in regular nominal pay. We trace the lack of wage moderation to a combination of exogenous (primarily...
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Format: | UnknownFormat |
Sprache: | eng |
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Munich
Univ., Center for Economic Studies
2002
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Schriftenreihe: | CESifo working paper series Labour markets
751 |
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