From: Wage flexibility and the great recession: the response of the Irish labour market
Year | Nominal Annual Earnings | Nominal Hourly Wages | ||||||||
---|---|---|---|---|---|---|---|---|---|---|
N | Median change | % Freezes | % Cuts | % Rises | N | Median change | % Freezes | % Cuts | % Rises | |
2005–2006 | 1518 | 0.06 | 2.6 | 27.6 | 69.8 | 1518 | 0.063 | 4.6 | 27.27 | 68.11 |
2006–2007 | 1387 | 0.062 | 2.9 | 24.4 | 73.1 | 1387 | 0.057 | 3.6 | 28.05 | 68.34 |
2007–2008 | 1343 | 0.043 | 3.6 | 29.7 | 66.7 | 1343 | 0.048 | 5.21 | 29.03 | 65.74 |
2008–2009 | 1170 | 0.044 | 0.90 | 35.6 | 63.4 | 1170 | 0.025 | 6.75 | 35.47 | 57.78 |
2009–2010 | 1129 | −0.011 | 1.50 | 52.08 | 46.4 | 1129 | 0 | 7.97 | 48.36 | 43.66 |
2010–2011 | 794 | 0.007 | 5.90 | 40.8 | 53.3 | 794 | 0 | 11.84 | 45.84 | 42.31 |