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Titel
Evolving wage cyclicality in Latin America / Luca Gambetti (Universitat Autònoma de Barcelona and Barcelona GSE), Julián Messina (Inter-American Development Bank and IZA) ; IZA, Institute of Labor Economics
VerfasserGambetti, Luca In der Gemeinsamen Normdatei der DNB nachschlagen ; Messina, Julián In der Gemeinsamen Normdatei der DNB nachschlagen
KörperschaftForschungsinstitut zur Zukunft der Arbeit In der Gemeinsamen Normdatei der DNB nachschlagen
ErschienenBonn, Germany : IZA Institute of Labor Economics, March 2017
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Elektronische Ressource
Umfang1 Online-Ressource (33 Seiten) : Diagramme
SerieDiscussion paper ; no. 10657
URNurn:nbn:de:hbz:5:2-120895 Persistent Identifier (URN)
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Evolving wage cyclicality in Latin America [0.48 mb]
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Zusammenfassung

Examines the evolution of the cyclicality of real wages and employment in four Latin American economies: Brazil, Chile, Colombia and Mexico, during the period 1980-2010. Wages are highly pro-cyclical during the 1980s and early 1990s, a period characterized by high inflation. As inflation declined wages became less pro-cyclical, a feature that is consistent with emerging downward wage rigidities in a low inflation environment. Compositional effects associated with changes in labor participation along the business cycle appear to matter less for estimates of wage cyclicality than in developed economies.