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    Wage flexibility and the great recession: the response of the Irish labour market


    Doris, Aedin and O'Neill, Donal and Sweetman, Olive (2015) Wage flexibility and the great recession: the response of the Irish labour market. IZA Journal of European Labor Studies, 4 (18). pp. 1-24. ISSN 2193-9012

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    Abstract

    In this paper we examine nominal earnings flexibility in Ireland during the Great Recession. The Irish case is particularly interesting because it has been one of the countries most affected by the crisis. Using tax return data that are free of reporting error and cover the entire population of workers, we find a substantial degree of downward nominal wage flexibility in Ireland in the pre-crisis period. Furthermore, we observe a significant change in wage dynamics since the crisis began. It was only after the peak crisis period that pay freezes became a feature of the Irish wage change distribution. JEL Classification: J31, J38, D31 Keywords: Wage flexibility; Great recession; Measurement error

    Item Type: Article
    Additional Information: © 2015 Doris et al. Open Access This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made.
    Keywords: Wage flexibility; Great recession; Measurement error;
    Academic Unit: Faculty of Social Sciences > Economics, Finance and Accounting
    Item ID: 6602
    Identification Number: https://doi.org/10.1186/s40174-015-0041-2
    Depositing User: Aedin Doris
    Date Deposited: 20 Nov 2015 11:47
    Journal or Publication Title: IZA Journal of European Labor Studies
    Publisher: Springer Open
    Refereed: Yes
    URI:

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