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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 In Wikipedia suchen nach Luca Gambetti ; Messina, Julián In der Gemeinsamen Normdatei der DNB nachschlagen In Wikipedia suchen nach Julián Messina
KörperschaftForschungsinstitut zur Zukunft der Arbeit In der Gemeinsamen Normdatei der DNB nachschlagen In Wikipedia suchen nach Forschungsinstitut zur Zukunft der Arbeit
ErschienenBonn, Germany : IZA Institute of Labor Economics, March 2017
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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.