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How wages change: Micro evidence from the international wage flexibility project

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

© Journal of Economic Perspectives, 2007, vol. 21, núm. 2, p. 195-214

American Economic Association

Autor: Dickens, William T.
Goette, Lorenz
Groshen, Erica L.
Holden, Steinar
Messina Granovsky, Julián Santiago
Schweitzer, Mark E.
Turunen, Jarkko
Ward, Melanie E.
Data: 1 març 2007
Resum: 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
Format: application/pdf
ISSN: 0895-3309
Accés al document: http://hdl.handle.net/10256/9441
Llenguatge: eng
Editor: American Economic Association
Col·lecció: Reproducció digital del document publicat a: http://dx.doi.org/10.1257/jep.21.2.195
Articles publicats (D-EC)
És part de: © Journal of Economic Perspectives, 2007, vol. 21, núm. 2, p. 195-214
Drets: Tots els drets reservats
Matèria: Salaris, Sistemes de retribució dels
Wage payment systems
Salaris
Wages
Títol: How wages change: Micro evidence from the international wage flexibility project
Tipus: info:eu-repo/semantics/article
Repositori: DUGiDocs

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