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Downward Nominal Rigidity in US Wage Data from the PSID - An Application of the Kernel-Location Approach

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Knoppik, Christoph
Date of publication of this fulltext: 24 May 2006 13:47


Earlier studies of US wage data from the PSID with a variety of methods have led to mixed results with respect to the existence and extent of downward nominal wage rigidity. Here the kernellocation approach to the analysis of downward nominal wage rigidity in micro data is applied to that data for the first time, in order to non-parametrically estimate counterfactual and factual distributions of ...


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