Table 3 Average wages: BASE vs. CasRP
From: Can reference points explain wage rigidity? Experimental evidence
Wage | Wage cut | Relative | ||
|---|---|---|---|---|
No-recession | Recession | Wage cut | ||
BASE | 60.1 | 47.0 | 13.1 | 21% |
CasRP | 57.9 | 51.9 | 6.0 | 10% |
From: Can reference points explain wage rigidity? Experimental evidence
Wage | Wage cut | Relative | ||
|---|---|---|---|---|
No-recession | Recession | Wage cut | ||
BASE | 60.1 | 47.0 | 13.1 | 21% |
CasRP | 57.9 | 51.9 | 6.0 | 10% |