Do Sticky Wages Matter? New Evidence from Matched Firm-Survey and Register Data
dc.contributor.author
Funk, Anne Kathrin
dc.contributor.author
Kaufmann, Daniel
dc.date.accessioned
2021-01-11T07:26:00Z
dc.date.available
2020-06-15T18:05:36Z
dc.date.available
2020-06-16T04:19:03Z
dc.date.available
2021-01-11T07:26:00Z
dc.date.issued
2020-06
dc.identifier.uri
http://hdl.handle.net/20.500.11850/420479
dc.identifier.doi
10.3929/ethz-b-000420479
dc.description.abstract
This paper provides novel evidence on downward nominal wage rigidities and their allocative effects in Switzerland. We match individual wages from a bi-annual firm survey with information on annual income and employment from social security register data. We find relevant downward nominal wage rigidities in the base wage, which accounts for more than 90% of employment income. We then identify the allocative effects of downward nominal wage rigidities on income and employment after an unexpected 1% decline of the consumer price level. Base wage rigidities cause a decline of aggregate income (-0.39%) and employment income (-0.97%), as well as an increase of unemployment (2.11%).
en_US
dc.format
application/pdf
en_US
dc.language.iso
en
en_US
dc.publisher
KOF Swiss Economic Institute, ETH Zurich
en_US
dc.rights.uri
http://rightsstatements.org/page/InC-NC/1.0/
dc.subject
Downward nominal wage rigidity
en_US
dc.subject
Income
en_US
dc.subject
unemployment
en_US
dc.subject
deflation
en_US
dc.title
Do Sticky Wages Matter? New Evidence from Matched Firm-Survey and Register Data
en_US
dc.type
Working Paper
dc.rights.license
In Copyright - Non-Commercial Use Permitted
ethz.journal.title
KOF Working Papers
ethz.journal.volume
480
en_US
ethz.pages.start
1
en_US
ethz.pages.end
30
en_US
ethz.size
69 p.
en_US
ethz.code.jel
JEL - JEL::E - Macroeconomics and Monetary Economics::E3 - Prices, Business Fluctuations, and Cycles::E30 - General
en_US
ethz.code.jel
JEL - JEL::E - Macroeconomics and Monetary Economics::E4 - Money and Interest Rates::E40 - General
en_US
ethz.code.jel
JEL - JEL::E - Macroeconomics and Monetary Economics::E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit::E50 - General
en_US
ethz.publication.place
Zurich
en_US
ethz.publication.status
published
en_US
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute
en_US
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute::06331 - KOF FB Konjunkturumfragen / KOF Business Tendency Surveys
en_US
ethz.leitzahl.certified
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute
en_US
ethz.leitzahl.certified
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute::06331 - KOF FB Konjunkturumfragen / KOF Business Tendency Surveys
en_US
ethz.date.deposited
2020-06-15T18:05:50Z
ethz.source
FORM
ethz.eth
yes
en_US
ethz.availability
Open access
en_US
ethz.rosetta.installDate
2020-06-16T04:19:16Z
ethz.rosetta.lastUpdated
2021-02-15T23:03:52Z
ethz.rosetta.versionExported
true
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