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- W2260593119 abstract "This paper analyzes the impact of downward wage rigidity on the labor market. It shows that imposing downward wage rigidity in a matching model with cyclical fluctuations in productivity, endogenous match-destruction, and on-the-job search, quits are procyclical and layoffs countercyclical. It provides evidence that downward wage rigidity is empirically relevant in ten European countries. It finally shows that layoffs are countercyclical and quits are procyclical, as predicted by the model." @default.
- W2260593119 created "2016-06-24" @default.
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- W2260593119 date "2011-01-01" @default.
- W2260593119 modified "2023-09-27" @default.
- W2260593119 title "Business Cycles and Wage Rigidity" @default.
- W2260593119 hasPublicationYear "2011" @default.
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