Properties of the histogram location approach and the extent and change of downward nominal wage rigidity in the EU
The histogram location approach has been proposed by Kahn (1997) to estimate the fraction of wage cuts prevented by downward nominal wage rigidity. In this paper, we analyze the validity of the approach by means of a simulation study which yielded evidence of unbiasedness but also of potential under...
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| Format: | Article |
| Language: | English |
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Università Carlo Cattaneo LIUC
2006-06-01
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| Series: | The European Journal of Comparative Economics |
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| Online Access: | http://eaces.liuc.it/18242979200601/182429792006030102.pdf |