DOWNWARDS WAGE RIGIDITY, ENDOGENOUS SEPARATIONS AND FIRM TRAINING

被引：0
|
作者：
Lechthaler, Wolfgang [1 ]
机构：
[1] Kiel Inst World Econ, D-24105 Kiel, Germany
来源：
BULLETIN OF ECONOMIC RESEARCH | 2013年 / 65卷 / 04期
关键词：
human capital; training; wage rigidity; J24; J31; M53; MINIMUM-WAGES; UNEMPLOYMENT; EQUILIBRIUM;
D O I：
10.1111/j.1467-8586.2011.00427.x
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper analyses the effect of downwards wage rigidity on wage setting, wage compression and firm training. It is shown that downwards wage rigidity in future periods induces a wage penalty and increases wage compression in the present period. However, contrary to previous work this is not sufficient to increase firms' training investments. The reason lies in the endogeneity of separations, which become more frequent.
引用
收藏
页码：389 / 404
页数：16
相关论文
共 50 条
  • [21] Downward wage rigidity and job mobility
    Thomas Cornelißen
    Olaf Hübler
    Empirical Economics, 2008, 34 : 205 - 230
  • [22] The efficiency wages perspective to wage rigidity in the open economy: a survey
    Stavreyska, Vesna
    INTERNATIONAL JOURNAL OF MANPOWER, 2011, 32 (03) : 273 - 299
  • [23] Downward nominal wage rigidity in Japan
    Kimura, T
    Ueda, K
    JOURNAL OF THE JAPANESE AND INTERNATIONAL ECONOMIES, 2001, 15 (01) : 50 - 67
  • [24] Training and hysteresis effects on the wage inflation-unemployment relationship
    McCausland, WD
    Theodossiou, I
    JOURNAL OF POST KEYNESIAN ECONOMICS, 2004, 27 (01) : 67 - 85
  • [25] Does wage rigidity make firms riskier? Evidence from long-horizon return predictability
    Favilukis, Jack
    Lin, Xiaoji
    JOURNAL OF MONETARY ECONOMICS, 2016, 78 : 80 - 95
  • [26] Foreign Competition, Multinational Firms, and One-Sided Wage Rigidity
    Braun, Sebastian
    GLOBAL ECONOMY JOURNAL, 2010, 10 (02):
  • [27] A Study of Downward Nominal Wage Rigidity in Korea
    Lee, Mihye
    Na, Su-mi
    SEOUL JOURNAL OF ECONOMICS, 2015, 28 (02) : 213 - 236
  • [28] A COMPETITIVE MODEL OF WORKER REPLACEMENT AND WAGE RIGIDITY
    Snell, Andy
    Thomas, Jonathan P.
    Wang, Zhewei
    ECONOMIC INQUIRY, 2015, 53 (01) : 419 - 430
  • [29] Pecuniary externalities in economies with downward wage rigidity
    Wolf, Martin
    JOURNAL OF MONETARY ECONOMICS, 2020, 116 : 219 - 235
  • [30] Job security, asymmetric information, and wage rigidity
    Snell, Andy
    Stueber, Heiko
    Thomas, Jonathan P.
    EUROPEAN ECONOMIC REVIEW, 2024, 161
12345