超越零峰值：通过实证和基于模型的方法理解名义工资刚性

IF 3.8 1区经济学 Q1 ECONOMICS

Journal of International Economics Pub Date : 2025-06-16 DOI:10.1016/j.jinteco.2025.104117

Yoon Joo Jo

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引用次数: 0

摘要

我利用1979年至2018年具有全国代表性的家庭调查，研究了不同时间和美国各州名义工资变化分布的周期性特征。这一新颖的发现是，工资没有变化的工人所占的比例，也就是名义工资变化分布在零时大幅飙升的原因，比工资减少的工人所占的比例更具反周期性。我分析了具有六种不同工资设定方案的异质代理模型，并得出结论，具有向下名义工资刚性的模型与关于工资变化分布的形状和周期性的实证研究结果最一致。

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Beyond the spike at zero: Understanding nominal wage rigidity through empirical and model-based approaches

I examine the cyclical properties of nominal wage change distributions across time and US states using nationally representative household surveys from 1979 to 2018. The novel finding is that the share of workers with no wage changes, which accounts for the large spike at zero in the nominal wage change distribution, is more countercyclical than the share of workers with wage cuts. I analyze heterogeneous agent models with six alternative wage-setting schemes and conclude that the model with downward nominal wage rigidity is the most consistent with empirical findings regarding the shape and cyclicality of wage change distributions.

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来源期刊

Journal of International Economics ECONOMICS-

CiteScore

5.80

自引率

6.10%

发文量

期刊介绍： The Journal of International Economics is intended to serve as the primary outlet for theoretical and empirical research in all areas of international economics. These include, but are not limited to the following: trade patterns, commercial policy; international institutions; exchange rates; open economy macroeconomics; international finance; international factor mobility. The Journal especially encourages the submission of articles which are empirical in nature, or deal with issues of open economy macroeconomics and international finance. Theoretical work submitted to the Journal should be original in its motivation or modelling structure. Empirical analysis should be based on a theoretical framework, and should be capable of replication.