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Skewness and Location of Distributions of Wage Change Rates in the Presence of Downward Nominal Wage Rigidity

URN to cite this document:
urn:nbn:de:bvb:355-opus-7630
Knoppik, Christoph
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Date of publication of this fulltext: 26 Feb 2007 13:47


Abstract

The skewness-location approach to the analysis of downward nominal wage rigidity in micro data judges the existence of rigidity on the basis of estimated functional relationships between measures of location and of skewness of the distributions of individual rates of wage change in different years. Here it is shown that the properties of theoretical skewness-location relationships can deviate ...

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