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dc.contributor.authorLe Bihan, Herve
dc.contributor.authorMontornès, J.
dc.contributor.authorHeckel, T.
dc.identifier.citationLe Bihan, H. and Montornès, J. and Heckel, T. 2012. Sticky wages: Evidence from quarterly microeconomic data. American Economic Journal: Macroeconomics. 4 (3): pp. 01-32.

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.

dc.titleSticky wages: Evidence from quarterly microeconomic data
dc.typeJournal Article
dcterms.source.titleAmerican Economic Journal: Macroeconomics
curtin.departmentSchool of Economics and Finance
curtin.accessStatusFulltext not available

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