• Corpus ID: 15111917

The Causes and Consequences of Nominal and Real Wage Rigidity : a Sectoral Approach

@inproceedings{Messina2008TheCA,
  title={The Causes and Consequences of Nominal and Real Wage Rigidity : a Sectoral Approach},
  author={Juli{\'a}n Messina and Cl{\'a}udia Filipa Pires Duarte and Mario Izquierdo and Niels Lyngg{\aa}rd Hansen and Danmarks Nationalbank},
  year={2008}
}
This paper presents estimates based on individual data of downward nominal and real wage rigidities for thirteen sectors in Belgium, Denmark, Spain and Portugal in order to examine the causes and consequences of rigid wages. Our methodology follows the approach recently developed for the International Wage Flexibility Project (IWFP), whereby resistance to nominal and real wage cuts is measured through departures of observed individual wage change histograms from an estimated counterfactual wage… 

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