Title On sand and the role of grease in labor markets : how does Germany compare? / Anja Decressin and Jörg Decressin

Published [Washington, D.C.] : International Monetary Fund, ©2002

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Description 1 online resource (36 pages) : illustrations Series IMF working paper ; WP/02/164 IMF working paper ; WP/02/164. Summary This paper investigates wage setting in (west) Germany using the German Socioeconomic Panel dataset on individuals and compares the findings with those available for the United Kingdom and the United States. The fraction of job stayers in (west) Germany who suffer unchanged wages or wage cuts compares with that in similar data for the Anglo-American countries, even after various adjustments for potential reporting errors. While nominal wages of job stayers are rigid downward, real wages are not. Nevertheless, the macroeconomic effects of the nominal rigidity are limited and cannot be weakened substantially by raising inflation Bibliography Includes bibliographical references (pages 34-36) Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL Print version record Subject Wages -- Germany -- Econometric models Wages -- Great Britain -- Econometric models Wages -- United States -- Econometric models Wage payment systems -- Germany -- Econometric models Wage payment systems -- Great Britain -- Econometric models Wage payment systems -- United States -- Econometric models Wage payment systems -- Econometric models. Wages -- Econometric models. Germany. Great Britain. United States. Form Electronic book Author Decressin, Jörg International Monetary Fund. European I Department. ISBN 1451903200 9781451903201

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