Nominal Wage Rigidity and the Rate of Inflation.
Using the accurate and extensive data available in the UK New Earnings Survey, this paper investigates the extent to which nominal wages are downwardly rigid and whether such rigidity interferes with necessary real wage adjustments when inflation is low. Despite the substantial numbers of individual...
| Main Authors: | , |
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| Format: | Working paper |
| Language: | English |
| Published: |
Centre for Economic Performance, LSE,
2001
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