Wage Rigidity in Germany

List of Tables List of Figures List of Abbreviations Acknowledgments Preamble and Motivation I Downward Nominal Wage Rigidity 1 Causes, Extent, and Implications of Downward Nominal Wage Rigidity 1.1 The Connection between Inflation, Unemployment, and Downward Nominal Wage Rigidity 1.2 Causes for Downward Nominal Wage Rigidity 1.3 Identification of Downward Nominal Wage Rigidity in Microdata 1.4 Existence and Extent of Downward Nominal Wage Rigidity 1.5 Conclusions 2 Does Downward Nominal Wage Rigidity Dampen Wage Increases? 2.1 The Model 2.2 Data 2.3 Empirical Implementation and Results 2.4 Macroeconomic Implications 2.5 Conclusions 3 Downward Nominal Wage Rigidity in a Cross Section: An Analysis of Linked Employer-Employee Data for the Years 1995 to 2007 3.1 Methodology, Data, and Data Selection 3.2 Empirical Implementation, Results, and Discussion 3.3 Conclusions II Real Wage Rigidity 4 Real Wage Rigidity over the Business Cycle - Previous Research and Recent Developments 4.1 Introduction 4.2 Early Research on Real Wage Rigidity 4.3 Recent Developments 5 Real Wage Cyclicality of Newly Hired Workers in Germany 5.1 Previous Empirical Evidence and Methods of Measuring 5.2 Data Description and Data Selection 5.3 Empirical Analysis 5.4 Discussion of the Results 5.5 Conclusions III Conclusion 6 Concluding Remarks and Outlook 6.1 Downward Nominal Wage Rigidity 6.2 Real Wage Rigidity Bibliography Abstract Kurzfassung