This setting lets you change the way you view articles. You can choose to have articles open in a dialog window, a new tab, or directly in the same window.
Open in Dialog
Open in New Tab
Open in same window

American Economic Journal: Macroeconomics: Vol. 6 No. 1 (January 2014)

Expand

Quick Tools:

Print Article Summary
Export Citation
Sign up for Email Alerts Follow us on Twitter Subscription Information
(Institutional Administrator Access)

Explore:

AEJ: Macro - All Issues

AEJ: Macro Forthcoming Articles

Some Evidence on the Importance of Sticky Wages

Article Citation

Barattieri, Alessandro, Susanto Basu, and Peter Gottschalk. 2014. "Some Evidence on the Importance of Sticky Wages." American Economic Journal: Macroeconomics, 6(1): 70-101.

DOI: 10.1257/mac.6.1.70

Abstract

We present evidence on the frequency of nominal wage adjustment using SIPP data adjusted for measurement error. The SIPP is a representative sample of the US population. Our main results are: (i) The average quarterly probability of a nominal wage change is between 21.1 and 26.6 percent, depending on the assumptions used. (ii) Wage changes are much more likely when workers change jobs. (iii) The frequency of wage adjustment does not display significant seasonal patterns. (iv) The hazard of a nominal wage change first increases and then decreases, with a peak at 12 months.

Article Full-Text Access

Full-text Article

Additional Materials

Online Appendix (176.59 KB) | Download Data Set (38.59 MB) | Author Disclosure Statement(s) (417.96 KB)

Authors

Barattieri, Alessandro (U Quebec, Montreal)
Basu, Susanto (Boston College)
Gottschalk, Peter (Boston College)

JEL Classifications

E24: Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital
E32: Business Fluctuations; Cycles
E52: Monetary Policy
J31: Wage Level and Structure; Wage Differentials

Comments

View Comments on This Article (0) | Login to post a comment


American Economic Journal: Macroeconomics


Quick Tools:

Sign up for Email Alerts

Follow us on Twitter

Subscription Information
(Institutional Administrator Access)

Explore:

AEJ: Macro - All Issues

AEJ: Macro - Forthcoming Articles

Virtual Field Journals


AEA Member Login:


AEAweb | AEA Journals | Contact Us