Wage flexibility of older workers and the role of institutions - evidence from the German LIAB data set
Martin Kerndler ()
Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking from Verein für Socialpolitik / German Economic Association
High and rigid wages are a threat for employment, especially for older workers. While wage levels of job stayers in many countries are not decreasing in late working life, little is known about the evolution of wage flexibility over the lifecycle. Using the German LIAB data set, this paper investigates the age pattern of wage flexibility with respect to permanent and transitory shocks to firm productivity. Works councils are found to have an important effect on wage flexibility of older workers.
JEL-codes: J14 J31 J41 J51 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-age, nep-cta, nep-dem and nep-eur
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:vfsc17:168160
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