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

Aedín Doris, Donal O’Neill () and Olive Sweetman
Authors registered in the RePEc Author Service: Donal O'Neill

IZA Journal of European Labor Studies, 2015, vol. 4, issue 1, 1-24

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 Copyright Doris et al. 2015

Keywords: Wage flexibility; Great recession; Measurement error (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (18)

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Related works:
Working Paper: Wage Flexibility and the Great Recession: The Response of the Irish Labour Market (2013)
Working Paper: Wage Flexibility and the Great Recession: The Response of the Irish Labour Market (2013)
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DOI: 10.1186/s40174-015-0041-2

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