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Abstract

The decreasing of worker productivity, that happened in the crisis, would be a reason for employer to lower nominal wages. However, the crisis also led to a reduction of worker's real incomes due to higher inflation so the workers ask higher nominal wage to maintain their welfare. This research analysis nominal wage determination in Indonesian chemical industries during the crisis. This research uses regression analysis based on the dynamic panel data model. The results show that during the crisis, nominal wage rate is not decrease. Employer state that decline in nominal wage have a negative impact on company performance. During the crisis, downward nominal wage rigidity is a way for industrial relations reconciliation.

Bahasa Abstract

Penurunan produktivitas pekerja, yang terjadi dalam masa krisis, menjadi alasan bagi pengusaha untuk menurunkan upah nominal. Sementara itu, masa krisis juga menyebabkan penurunan upah riil akibat tingginya in asi sehingga pekerja menuntut kenaikan upah nominal guna mempertahankan kesejahteraannya. Studi ini menganalisis penentuan upah nominal pada industri kimia dalam masa krisis. Studi ini menggunakan alat analisis regresi berdasar model data panel dinamis. Hasil studi menunjukkan bahwa selama masa krisis, tingkat upah nominal tidak mengalami penurunan. Pengusaha menyatakan bahwa penurunan upah nominal berdampak negatif pada kinerja perusahaan. Dalam masa krisis, ketegaran upah nominal untuk turun merupakan sarana rekonsiliasi hubungan industrial.

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