Formerly published by Chicago Business Press, now published by Sage Since strategy,
organizational capabilities, and people management are increasingly intertwined in …

Using administrative data on firms and workers in Germany, we quantify the spillover effects
of mass layoffs. Our empirical strategy combines matching with an event study approach to …

For more than 80 years, many macroeconomic analyses have been premised on the
assumption that workers' nominal wage rates cannot be cut. Contrary evidence from …

Recent microeconomic studies have documented extensive downward nominal wage
rigidity (DNWR) for job stayers in many OECD countries, but critics argue that the effect …

There is widespread evidence that monetary policy exerts asymmetric effects on output over
contractions and expansions in economic activity, while price responses display no sizeable …

Over the past 20 years, macroeconomists have incorporated more and more results from
behavioral economics into their models. We argue that doing so has helped fixed …

This paper analyzes the existence and extent of downward nominal wage rigidities in the
Mexican labor market using data from the administrative records of the Mexican Social …

We study the response of real wages to the business cycle in eight major Eurozone
countries before and during the Great Recession. Average real wages are found to be …

Wage rigidity–the observation that wages cannot be adjusted downwards–has important
implications for labour markets and macroeconomic performance. Empirical evidence on the …

We explore the existence of downward real wage rigidity (DRWR) at the industry level,
based on data from 19 OECD countries for the period 1973–1999. The results show that …