This study analyses an extensive firm-level survey, collected in the framework of the Eurosystem’s Wage Dynamics Network program.
EDHEC Working Paper
Analysing survey data collected in the framework of the Eurosystem's wage dynamics network (WDN) on patterns of firm-level adjustment to shocks, we document that the relative intensity and the character of price vs. cost and wage vs. employment adjustments in response to costpush shocks depends in statistically significant and theoretically sensible ways on the intensity of competition in firms' product markets, on collective wage bargaining, and on other structural and institutional features of firms and of their environment.
Créé le 13 mai 2011
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