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Author Decressin, Anja.

Title On sand and the role of grease in labor markets : how does Germany compare? / Anja Decressin and Jörg Decressin
Published [Washington, D.C.] : International Monetary Fund, [2002]
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Description 1 online resource (36 pages) : illustrations
Series IMF working paper ; WP/02/164
IMF working paper ; WP/02/164
Summary 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
Bibliography Includes bibliographical references (pages 34-36)
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. MiAaHDL
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Wage payment systems -- Germany -- Econometric models.
Wage payment systems -- Great Britain -- Econometric models.
Wage payment systems -- United States -- Econometric models.
Wages -- Germany -- Econometric models.
Wages -- Great Britain -- Econometric models.
Wages -- United States -- Econometric models.
Form Electronic book
Author Decressin, Jörg.
International Monetary Fund. European I Department.
ISBN 1451903200