Nominal wage rigidity in the United Kingdom

Economic Journal

Volumn 110, Issue 462, 2000, Pages 176-195

  Smith, Jennifer C ^a  

^a UNIVERSITY OF WARWICK   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

INCOME; INFLATION; LABOR MARKET; WAGE DETERMINATION;

UNITED KINGDOM;

EID: 0034031464     PISSN: 00130133     EISSN: None     Source Type: Journal    
DOI: 10.1111/1468-0297.00528     Document Type: Article

References (21)

1. Akerlof, G. A., Dickens, W. T. and Perry, G. L. (1996). 'The macroeconomics of low inflation.' Brookings Papers on Economic Activity, vol. 1, pp. 1-76.
2. Bound, J., Brown, C., Duncan, G. J. and Rodgers, W. (1989). 'Measurement error in cross-sectional and longitudinal labor market surveys: results from two validation studies', NBER Working Paper no. 2884.
3. Blinder, A. S. and Choi, D. H. (1990). 'A shred of evidence on theories of wage stickiness.' Quarterly Journal of Economics, vol. 105, no. 4, pp. 1003-15.
4. Bound, J. and Krueger, A. B. (1991) 'The extent of measurement error in longitudinal earnings data: do two wrongs make a right?' Journal of Labor Economics, vol. 9, no. 1, pp. 1-24.
5. Card, D. and Hyslop, D. (1996). 'Does inflation "grease the wheels of the labor market"?' NBER Working Paper no. 5538.
6. Christofides, L. N. and Leung, M. T. (1998). 'Wage adjustment in Canadian contract data: wage rigidity and menu costs.' University of Guelph mimeo.
7. Christofides, L. N. and Stengos, T. (1998). 'The symmetry of the wage-change distribution: non-parametric tests using contract and survey data.' University of Guelph mimeo.
8. Crawford, A. and Harrison, A. (1998). 'Testing for downward rigidity in nominal wages.' In Price Stability, Inflation Targets and Monetary Policy, pp. 179-225. Ottawa: Bank of Canada.
9. Duncan, G. J. and Hill, D. H. (1985). 'An investigation of the extent and consequences of measurement error in labor-economic survey data.' Journal of Labor Economics, vol. 3, no. 4, pp. 508-32.
10. Fischer, S. (1977). 'Long-term contracts, rational expectations and the optimal money supply rule.' Journal of Political Economy, vol. 85, no. 1, pp. 191-205.
11. Fortin, P. (1996). 'The great Canadian slump.' Canadian Journal of Economics, vol, 29, no. 4, pp. 761-87.
12. Kahn, S. (1997). 'Evidence of nominal wage stickiness from microdata.' American Economic Review, vol. 87, no. 5, pp. 993-1008.
13. Kahneman, D., Knetsch, J. L. and Thaler, R. (1986). 'Fairness as a constraint on profit seeking: entitlements in the market.' American Economic Review, vol. 76, no. 4, pp. 728-41.
14. Keynes, J. M. (1936). The General Theory of Employment, Interest and Money. London: MacMillan.
15. Lebow, D. E., Stockton, D. J. and Wascher, W. L. (1995). 'Inflation, nominal wage rigidity and the efficiency of labor markets.' Federal Reserve Board of Governors Finance and Economics Discussion Series no. 95-45.
16. Mankiw, N. G. and Romer, D. (1991). New Keynesian Economics, Volume 1: Imperfect Competition and Sticky Prices. London: MIT Press.
17. McLaughlin, K. J. (1994). 'Rigid wages?' Journal of Monetary Economics, vol. 34, no. 3, pp. 383-414.
18. Smith, J. C. (1999). 'Restoring wage flexibility: the nature of earnings measurement error in survey data.' University of Warwick mimeo.
19. Taylor, J. (1980). 'Aggregate dynamics and staggered contracts.' Journal of Political Economy, vol. 88, no. 1, pp. 1-23.
20. Tobin, J. (1972). 'Inflation and unemployment.' American Economic Review, vol. 62, no. 1, pp. 1-18.
21. Yates, A. (1998). 'Downward nominal rigidity and monetary policy.' Bank of England Working Paper no. 82.