On Sand and the Role of Grease in Labor Markets: How Does Germany Compare?
This paper investigates wage setting in (west) Germany using the German Socioeconomic Panel dataset on individuals and compares the findings with those available for the United Kingdom and the United States. The fraction of job stayers in (west) Germany who suffer unchanged wages or wage cuts compar...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2002
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Schriftenreihe: | IMF Working Papers
Working Paper No. 02/164 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | This paper investigates wage setting in (west) Germany using the German Socioeconomic Panel dataset on individuals and compares the findings with those available for the United Kingdom and the United States. The fraction of job stayers in (west) Germany who suffer unchanged wages or wage cuts compares with that in similar data for the Anglo-American countries, even after various adjustments for potential reporting errors. While nominal wages of job stayers are rigid downward, real wages are not. Nevertheless, the macroeconomic effects of the nominal rigidity are limited and cannot be weakened substantially by raising inflation |
Beschreibung: | 1 Online-Ressource (37 p) |
ISBN: | 1451858000 9781451858006 |
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spelling | Decressin, Jörg Verfasser aut On Sand and the Role of Grease in Labor Markets How Does Germany Compare? Decressin, Jörg Washington, D.C International Monetary Fund 2002 1 Online-Ressource (37 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 02/164 This paper investigates wage setting in (west) Germany using the German Socioeconomic Panel dataset on individuals and compares the findings with those available for the United Kingdom and the United States. The fraction of job stayers in (west) Germany who suffer unchanged wages or wage cuts compares with that in similar data for the Anglo-American countries, even after various adjustments for potential reporting errors. While nominal wages of job stayers are rigid downward, real wages are not. Nevertheless, the macroeconomic effects of the nominal rigidity are limited and cannot be weakened substantially by raising inflation Online-Ausg Decressin, Anja Sonstige oth http://elibrary.imf.org/view/IMF001/05025-9781451858006/05025-9781451858006/05025-9781451858006.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Decressin, Jörg On Sand and the Role of Grease in Labor Markets How Does Germany Compare? |
title | On Sand and the Role of Grease in Labor Markets How Does Germany Compare? |
title_auth | On Sand and the Role of Grease in Labor Markets How Does Germany Compare? |
title_exact_search | On Sand and the Role of Grease in Labor Markets How Does Germany Compare? |
title_exact_search_txtP | On Sand and the Role of Grease in Labor Markets How Does Germany Compare? |
title_full | On Sand and the Role of Grease in Labor Markets How Does Germany Compare? Decressin, Jörg |
title_fullStr | On Sand and the Role of Grease in Labor Markets How Does Germany Compare? Decressin, Jörg |
title_full_unstemmed | On Sand and the Role of Grease in Labor Markets How Does Germany Compare? Decressin, Jörg |
title_short | On Sand and the Role of Grease in Labor Markets |
title_sort | on sand and the role of grease in labor markets how does germany compare |
title_sub | How Does Germany Compare? |
url | http://elibrary.imf.org/view/IMF001/05025-9781451858006/05025-9781451858006/05025-9781451858006.xml |
work_keys_str_mv | AT decressinjorg onsandandtheroleofgreaseinlabormarketshowdoesgermanycompare AT decressinanja onsandandtheroleofgreaseinlabormarketshowdoesgermanycompare |