Construct · 1 fields · 1 citations

downward nominal wage rigidity: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed
downward nominalwage rigidity1 CONSTRUCTDownward nominal wageAKERLOF · MACROECONOMICS

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

Macroeconomics

the reluctance of firms and workers to accept cuts in money wages, which makes very low inflation costly in unemployment.

In macroeconomics, downward nominal wage rigidity refers to the reluctance of firms and workers to accept cuts in money wages, which makes very low inflation costly in unemployment. This meaning comes from Akerlof (1996) in Brookings Papers on Economic Activity.[1]

Unit
Recovery means
Measured by

Next

Run it through the Collider, or take the citations with you.

See how downward nominal wage rigidity sits against neighbouring constructs in the Collider, or export every reference on this page in one click.

Open in ColliderExport BibTeXReport this entry

Nearby constructs

greasing the wheels of the labor market1 fields · 1 citationsanchor · a standalone constructinflation3 fields · 4 citationsjingle · one word, three constructsnominal2 fields · 2 citationsjingle · one word, two constructs

References

  1. Akerlof, G. A., Dickens, W. T., Perry, G. L., Gordon, R. J., & Mankiw, N. G. (1996). The Macroeconomics of Low Inflation. Brookings Papers on Economic Activity, 1996(1), 1. https://doi.org/10.2307/2534646

Cited on this page?

Confirm your construct, or correct us.

If your work is cited behind one of these entries, you know better than we do whether we captured the meaning right. Confirm it, suggest an edit, or dispute it, and your name goes on the entry as an author who has checked it, linked to your ORCID.

Claim your construct