Wage dynamics and worker mobility during deep recessions

We provide empirical evidence of the relationship between downward wage rigidity and unemployment volatility by comparing wage dynamics and worker mobility during the Great Recession in two countries where wages adjusted very differently: Latvia and Spain. Using a panel of social security administra...

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Bibliographic Details
Main Authors: Anete Pajuste, Hernán Ruffo
Format: Article
Language:English
Published: Taylor & Francis Group 2019-01-01
Series:Baltic Journal of Economics
Online Access:http://dx.doi.org/10.1080/1406099X.2018.1556898