Downward Wage Rigidities in Slovakia

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Title:Downward Wage Rigidities in Slovakia
Creators:
Gertler, Pavel
Senaj, Matúš
Journal or Publication Title:
AUCO Czech Economic Review, 4, 1, pp. 79-102
Uncontrolled Keywords:Nominal and real wage rigidity, Slovakia

Abstract

The degree of labor market flexibility is especially important for countries considering entry into monetary union. The aim of this article is to assess the extent of wage rigidities in Slovakia. The novelty of this paper is in the employment of Holden andWulfsberg (2009) approach to the micro data. Firstly, we apply the original methodology on industrial level data drawn from recent decade. The results obtained from sectoral data are ambiguous for Slovakia. Secondly, we turn to micro-approach, where we apply slightly modified methodology on company level data. The estimated extent of both nominal and real rigidities is relatively small. We conclude that flexible hourly wages favored the euro adoption in 2009.

Official URL: http://www.ceeol.com/aspx/issuedetails.aspx?issueid=F3AA04BB-F486-42D9-9512-1CB4DEC63BAD&articleid=5DF8AB4C-7BF4-4810-AD8B-65CCCD5A0818

Title:Downward Wage Rigidities in Slovakia
Creators:
Gertler, Pavel
Senaj, Matúš
Uncontrolled Keywords:Nominal and real wage rigidity, Slovakia
Subjects:H Social Sciences > HB Economic Theory
H Social Sciences > HG Finance
H Social Sciences > HF Commerce
Divisions:Section of external journals > AUCO Czech Economic Review
Journal or Publication Title:AUCO Czech Economic Review
Volume:4
Number:1
Page Range:pp. 79-102
ISSN:1802-4696
Publisher:Charles University
Related URLs:
URLURL Type
http://auco.cuni.czPublisher
http://avi.lib.cas.cz/node/183Publisher
ID Code:5442
Item Type:Article
Deposited On:13 May 2010 17:15
Last Modified:13 May 2010 15:15

Citation

Gertler, Pavel; Senaj, Matúš (2010) Downward Wage Rigidities in Slovakia. AUCO Czech Economic Review, 4 (1). pp. 79-102. ISSN 1802-4696

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