National Repository of Grey Literature 3 records found  Search took 0.01 seconds. 
The Post - Lehman Brothers development of wages
Krutina, Michael ; Chytilová, Helena (advisor) ; Janíčko, Martin (referee)
I have targeted to analyze the patterns of wage development in the changing macroeconomic conditions. According to the expectations the evolution of nominal and real wages is inter alia positively affected by the changes in labor productivity and negatively influenced by the deviation of unemployment rate from NAIRU. The evidence of procyclical behavior of real wages is not very robust as there was not found significant correlation in the time of decreasing real GDP. The most of results of the models applied on post Lehman Brothers period are consistent with the regressions based on complete data set. The chosen data proved to be not very suitable to show the extent of wage rigidity. The significant negative relationship between the development of real wages and changes in inflation rate implies the visibility of symptoms of wage rigidities even when we work with average macroeconomic variables.
The margins of labour cost adjustment: survey evidence from European firms
Babecký, Jan ; Du Caju, Philip ; Kosma, Theodora ; Lawless, Martina ; Messina, Julián ; Rõõm, Tairi
Writers broaden the analysis beyond downward rigidity in base wages by investigating the use of other margins of labour cost adjustment at the firm level. Using data from a unique survey, they find that European firms make frequent use of other, more flexible, components of compensation to adjust the cost of labour.
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The determination of wages of newly hired employees: survey evidence on internal versus external factors
Galuščák, Kamil ; Keeney, Mary ; Nicolitsas, Daphne ; Smets, Frank ; Strzelecki, Pawel ; Vodopivec, Matija
This paper uses information from a rich firm-level survey on wage and price-setting procedures, in around 15,000 firms in 15 European Union countries, to investigate the relative importance of internal versus external factors in the setting of wages of newly hired workers.
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