Non-base wage components as a source of wage adaptability to shocks: evidence from European firms, 2010-2013

被引：6

作者：

Babecky, Jan ^{[1
]}

Berson, Clemence ^{[2
,3
]}

Fadejeva, Ludmila ^{[4
]}

Lamo, Ana ^{[5
]}

Marotzke, Petra ^{[6
]}

Martins, Fernando ^{[7
,8
]}

Strzelecki, Pawel ^{[9
,10
]}

机构：

[1] Czech Natl Bank, Prague, Czech Republic

[2] Banque France, Paris, France

[3] Univ Paris 01, Paris, France

[4] Latvijas Banka, Riga, Latvia

[5] European Cent Bank, Frankfurt, Germany

[6] Deutsch Bundesbank, Frankfurt, Germany

[7] Banco Portugal, Lisbon, Portugal

[8] Univ Lusiada Lisboa, REM, Fundacao Ciencia & Tecnol, UECE Res Unit Complex & Econ, Lisbon, Portugal

[9] Natl Bank Poland, Warsaw, Poland

[10] SGH Warsaw Sch Econ, Warsaw, Poland

来源：

IZA JOURNAL OF LABOR POLICY | 2019年 / 8卷

关键词：

Downward nominal wage rigidity; Bonuses; Firm survey; European Union; RIGIDITY; CUSHION;

D O I：

10.1186/s40173-018-0106-8

中图分类号：

F24 [劳动经济];

学科分类号：

020106 ; 020207 ; 1202 ; 120202 ;

摘要：

This paper provides evidence on the role of non-base wage components as a channel for firms to adjust labour costs in the event of adverse shocks. It uses data from a firm-level survey for 25 European countries that covers the period 2010-2013. We find that firms subject to nominal wage rigidities, which prevent them from adjusting base wages, are more likely to cut non-base wage components when they are hit by negative shocks. Firms thus use non-base wage components as a strategic margin to overcome base wage rigidity. We also show that while non-base wage components exhibit some degree of downward rigidity this is smaller than that observed for base wages.

引用

页数：18

共 21 条

[1] How do European firms adjust their labour costs when nominal wages are rigid? [J].