Why Firms Avoid Cutting Wages : Survey Evidence from European Firms
Firms very rarely cut nominal wages, even in the face of considerable negative economic shocks. This paper uses a unique survey of fourteen European countries to ask firms directly about the incidence of wage cuts and to assess the relevance of a r...
| Main Authors: | , , , , |
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
| Published: |
World Bank Group, Washington, DC
2014
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2014/07/19878434/firms-avoid-cutting-wages-survey-evidence-european-firms http://hdl.handle.net/10986/19349 |