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Are Japanese Nominal Wages Downwardly Rigid?

Are Japanese Nominal Wages Downwardly Rigid? PDF Author: Sachiko Kuroda
Publisher:
ISBN:
Category : Income distribution
Languages : en
Pages : 50

Book Description

Are Japanese Nominal Wages Downwardly Rigid?

Are Japanese Nominal Wages Downwardly Rigid? PDF Author: Sachiko Kuroda
Publisher:
ISBN:
Category : Income distribution
Languages : en
Pages : 50

Book Description

Are Japanese nominal wages downwardly rigid? (Part I)

Are Japanese nominal wages downwardly rigid? (Part I) PDF Author: Isamu Yamamoto Sachico Kuroda
Publisher:
ISBN:
Category :
Languages : en
Pages : 40

Book Description

Are Japanese Nominal Wages Downwardly Rigid?

Are Japanese Nominal Wages Downwardly Rigid? PDF Author: Sachiko Kuroda
Publisher:
ISBN:
Category :
Languages : en
Pages : 40

Book Description

Why are Nominal Wages Downwardly Rigid, But Less So in Japan?

Why are Nominal Wages Downwardly Rigid, But Less So in Japan? PDF Author: Sachiko Kuroda
Publisher:
ISBN:
Category : Inflation (Finance)
Languages : en
Pages : 68

Book Description
"In this paper, we survey the theoretical and empirical literature to investigate why nominal wages can be downwardly rigid. Looking back from the 19th century until recently, we first examine the existence and extent of downward nominal wage rigidity (DNWR) for several countries. We find that (1) nominal wages were flexible in the 19th century and first half of the 20th century, but (2) nominal wages were downwardly rigid in almost all industrialized countries in the second half of the 20th century, although (3) the extent of DNWR varied from country to country. Next, we use a behavioral economics framework to explain the reasons for DNWR. We also explain why the existence and extent of DNWR varied between time periods and/or from country to country, focusing on differences in the labor market characteristics (such as labor mobility and employment protection legislation) and in the macroeconomic environment (such as economic growth and inflation), which can alter employees' and firms' perceptions toward nominal wage cuts."--Authors' abstract.

Are Japanese Nominal Wages Downwardly Rigid?

Are Japanese Nominal Wages Downwardly Rigid? PDF Author: Sachiko Kuroda
Publisher:
ISBN:
Category :
Languages : en
Pages : 58

Book Description

Are Japanese Nominal Wages Downwardly Rigid?

Are Japanese Nominal Wages Downwardly Rigid? PDF Author: Sachiko Kuroda
Publisher:
ISBN:
Category : Income distribution
Languages : en
Pages : 70

Book Description

Are Japanese Nominal Wages Downwardly Rigid?: Examinations of nominal wage change distributions

Are Japanese Nominal Wages Downwardly Rigid?: Examinations of nominal wage change distributions PDF Author: Sachiko Kuroda
Publisher:
ISBN:
Category : Income distribution
Languages : en
Pages :

Book Description

Wage Fluctuations in Japan After the Bursting of the Bubble Economy

Wage Fluctuations in Japan After the Bursting of the Bubble Economy PDF Author: Sachiko Kuroda
Publisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 50

Book Description

Understanding the Costs of Deflation in the Japanese Context

Understanding the Costs of Deflation in the Japanese Context PDF Author: Mr.Taimur Baig
Publisher: International Monetary Fund
ISBN: 1451875061
Category : Business & Economics
Languages : en
Pages : 28

Book Description
This paper examines the cost of deflation in the context of Japan's ongoing deflationary episode. The impact of deflation owing to the zero interest rate bound on monetary policy, wage rigidity, redistribution of wealth from debtor to creditor, and inflexibilities in the financial sector are examined. It is seen that the generalized decline in the Japanese price level, however gradual or mild, has substantially exacerbated the economy's adjustment process under already difficult economic conditions.

The Impact of Downward Nominal Wage Rigidity on the Unemployment Rate

The Impact of Downward Nominal Wage Rigidity on the Unemployment Rate PDF Author: Sachiko Kuroda
Publisher:
ISBN:
Category : Unemployment
Languages : en
Pages : 50

Book Description

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