How wages change: Micro evidence from the international wage flexibility project
dc.contributor.author
dc.date.accessioned
2014-09-25T10:43:09Z
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2014-09-25T10:43:09Z
dc.date.issued
2007-03-01
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0895-3309
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dc.description.abstract
Workers' wages are not set in a spot market. Instead, the wages of most workers -- at least those who do not switch jobs -- typically change only annually and are mediated by a complex set of institutions and factors such as contracts, unions, standards of fairness, minimum wage policy, transfers of risk, and incomplete information. The goal of the International Wage Flexibility Project (IWFP) -- a consortium of over 40 researchers with access to individual workers' earnings data for 16 countries -- is to provide new microeconomic evidence on how wages change for continuing workers. We investigate the extent of wage flexibility, with a particular focus on the extent of downward wage rigidity; and explore how measures of wage flexibility are affected by the wage-setting regimes that typically vary by country
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application/pdf
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eng
dc.publisher
American Economic Association
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Reproducció digital del document publicat a: http://dx.doi.org/10.1257/jep.21.2.195
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© Journal of Economic Perspectives, 2007, vol. 21, núm. 2, p. 195-214
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Articles publicats (D-EC)
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Tots els drets reservats
dc.title
How wages change: Micro evidence from the international wage flexibility project
dc.type
info:eu-repo/semantics/article
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info:eu-repo/semantics/openAccess
dc.embargo.terms
Cap
dc.type.version
info:eu-repo/semantics/publishedVersion
dc.identifier.doi
dc.identifier.idgrec
004458