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| Author: | Groth, C. Johansson, Å. |
| Title: | Bargaining structure and nominal wage flexibility |
| Journal: | European Economic Review
2004 : DEC, VOL. 48:6, p. 1349-1365 |
| Index terms: | Bargaining Monetary policy Contracts Models |
| Language: | eng |
| Abstract: | This article examines the nominal wage rigidity, and a model is tested on data from 16 OECD countries. The results indicate that there is a u-shaped relation between contract length and the degree of centralization, and the intermediate wage setting systems are more flexible than both decentralized and centralized systems. |
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