Wage incentives and wage rigidity : A representative view from within

@inproceedings{Agell2015WageIA,
  title={Wage incentives and wage rigidity : A representative view from within},
  author={Jonas Agell and Helge Bennmarker},
  year={2015}
}
A recent literature has used surveys of those who set wages to learn about the nature of wage incentives and the sources of wage rigidity. Methodologically, we overcome many of the objections that have been raised against this work. Substantively, we find that: (i) the reasons for real wage rigidity differ significantly between large and small firms, and between the highand low-end of the labor market; (ii) efficiency wage mechanisms reinforce rigidities due to worker bargaining power; (iii… CONTINUE READING

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