Sticky wages: Evidence from quarterly microeconomic data
Using an original micro-dataset from France, we investigate nominal wage stickiness. Nominal wage changes are found to occur at a quarterly frequency of around 38 percent over our sample period, and to be to a large extent staggered across establishments, and very synchronized within establishments....
| Main Authors: | , , |
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| Format: | Journal Article |
| Published: |
2012
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| Online Access: | http://hdl.handle.net/20.500.11937/55841 |
| _version_ | 1848759721490644992 |
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| author | Le Bihan, Herve Montornès, J. Heckel, T. |
| author_facet | Le Bihan, Herve Montornès, J. Heckel, T. |
| author_sort | Le Bihan, Herve |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | Using an original micro-dataset from France, we investigate nominal wage stickiness. Nominal wage changes are found to occur at a quarterly frequency of around 38 percent over our sample period, and to be to a large extent staggered across establishments, and very synchronized within establishments. We carry out an econometric analysis of wage changes based on a two-threshold sample selection model. Our results are that the timing of wage adjustments is time-dependent as opposed to state-dependent, there is evidence of predetermination in wage changes, and both backward and forwardlooking behavior is relevant in wage setting. |
| first_indexed | 2025-11-14T10:04:23Z |
| format | Journal Article |
| id | curtin-20.500.11937-55841 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T10:04:23Z |
| publishDate | 2012 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-558412018-03-29T09:09:01Z Sticky wages: Evidence from quarterly microeconomic data Le Bihan, Herve Montornès, J. Heckel, T. Using an original micro-dataset from France, we investigate nominal wage stickiness. Nominal wage changes are found to occur at a quarterly frequency of around 38 percent over our sample period, and to be to a large extent staggered across establishments, and very synchronized within establishments. We carry out an econometric analysis of wage changes based on a two-threshold sample selection model. Our results are that the timing of wage adjustments is time-dependent as opposed to state-dependent, there is evidence of predetermination in wage changes, and both backward and forwardlooking behavior is relevant in wage setting. 2012 Journal Article http://hdl.handle.net/20.500.11937/55841 10.1257/mac.4.3.1 restricted |
| spellingShingle | Le Bihan, Herve Montornès, J. Heckel, T. Sticky wages: Evidence from quarterly microeconomic data |
| title | Sticky wages: Evidence from quarterly microeconomic data |
| title_full | Sticky wages: Evidence from quarterly microeconomic data |
| title_fullStr | Sticky wages: Evidence from quarterly microeconomic data |
| title_full_unstemmed | Sticky wages: Evidence from quarterly microeconomic data |
| title_short | Sticky wages: Evidence from quarterly microeconomic data |
| title_sort | sticky wages: evidence from quarterly microeconomic data |
| url | http://hdl.handle.net/20.500.11937/55841 |