DMCA
Testing for Downward Rigidity in Nominal Wage Rates
by
Allan Crawford
,
Alan Harrison
| Citations: | 12 - 2 self |
BibTeX
@MISC{Crawford_testingfor,
author = {Allan Crawford and Alan Harrison},
title = {Testing for Downward Rigidity in Nominal Wage Rates},
year = {}
}
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Abstract
Wage flexibility has an important role in facilitating the allocation of labour to its most efficient uses following shocks to the economy. If there is a decrease in the demand for the output of some industry, a reduction in the real wage in that industry will induce some workers to move to other sectors.
