Table 8 Average wages: BASE vs. CasRP/ WasRP/ CasRP-F
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 | 0.21 |
CasRP | 57.9 | 51.9 | 6.0 | 0.10 |
WasRP | 60.4 | 53.8 | 6.6 | 0.11 |
CasRP-F | 58.8 | 53.4 | 5.4 | 0.09 |