Replication data for: Sticky Wages: Evidence from Quarterly Microeconomic Data
Principal Investigator(s): View help for Principal Investigator(s) Hervé Le Bihan; Jérémi Montornès; Thomas Heckel
Version: View help for Version V1
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AEJ_2010_0157_data | 10/12/2019 09:34:PM | ||
LICENSE.txt | text/plain | 14.6 KB | 10/12/2019 05:34:PM |
Project Citation:
Le Bihan, Hervé, Montornès, Jérémi, and Heckel, Thomas. Replication data for: Sticky Wages: Evidence from Quarterly Microeconomic Data. Nashville, TN: American Economic Association [publisher], 2012. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E114249V1
Project Description
Summary:
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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 forward-looking behavior is relevant in wage setting. (JEL E24, E52, J31)
Scope of Project
JEL Classification:
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E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
E52 Monetary Policy
J31 Wage Level and Structure; Wage Differentials
E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
E52 Monetary Policy
J31 Wage Level and Structure; Wage Differentials
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