Firms have multiple options at the time of adjusting their wage bills. However, previous literature has mainly focused on base wages. This paper broadens the analysis beyond downward rigidity in base wages by investigating the use of other margins of labor cost adjustment at the firm level. Using data from a unique survey, the authors find that firms make frequent use of other, more flexible, components of compensation to adjust the cost of labor...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2009/12/01
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Рабочий документ в рамках исследования вопросов политики
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WPS5160
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1
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1
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2010/07/01
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Disclosed
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The margins of labor cost adjustment : survey evidence from European firms
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nominal wage