PL EN


Journal
2007 | 4 | 491-513
Article title

Downward Nominal Wage Rigidity in Poland and Its Implications for the Monetary Policy

Title variants
Languages of publication
PL
Abstracts
EN
To test the hypothesis of downward nominal wage rigidity in Poland we used data from a survey of medium and large companies. We find relatively weak support for downward wage rigidity when average total compensation in an enterprise is analysed. However, since this result may be affected by job rotation, we propose a method for eliminating its impact and find that downward wage rigidity becomes higher. Moreover, disaggregating the data reveals strong differences among sectors, with no rigidity in highly competitive industries and significant rigidities in monopolized or state-owned sectors. The scale of rigidities seems to be lower in Poland than in other countries, although – due to differences in datasets – robust comparisons are not possible.
Publisher

Journal
Year
Issue
4
Pages
491-513
Physical description
Document type
ARTICLE
Contributors
author
  • M. Brzoza-Brzezina, Narodowy Bank Polski, ul. Swietokrzyska 11/21, Warszawa, Poland
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
08PLAAAA03717480
YADDA identifier
bwmeta1.element.f7050b1c-0cf6-3475-b1b3-8524452db8ef
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