Real and Nominal Wage Rigidities and the Rate of Inflation: Evidence from West German Micro Data
利用西德1975-2001年地区注册数据，估计实际和名义工资刚性的程度，发现名义和实际工资刚性导致大量工人工资上涨，实际刚性随通胀上升、随失业下降，而名义刚性相反，工资刚性在温和通胀环境下最小化。
This article examines real and nominal wage rigidities in West Germany. Using regionally disaggregated register data for 1975-2001, we estimate the extent of both types of wage rigidities from the observed distribution of individual wage changes, taking into account possible measurement error. The fraction of workers facing wage increases that are caused by nominal and particularly real wage rigidity is substantial. The extent of real rigidity rises with inflation and falls with regional unemployment, whereas the opposite holds for nominal rigidity. Overall, the incidence of wage rigidity, which accelerates unemployment growth, is most likely minimised in a moderate inflation environment. Copyright 2007 The Author(s). Journal compilation Royal Economic Society 2007.