Workers' flows and real wage cyclicality
By: by Anabela Carneiro, Pedro Portugal.
Contributors: Portugal, Pedro.
Series: Discussion paper -- no. 2604; Discussion paper (Forschungsinstitut zur Zukunft der Arbeit : Online) -- no. 2604
Publisher: IZA
Published: 2007
Place of publication: Bonn, Germany
Language: eng
Format: Electronic resource
Subjects: Wages -- Portugal.; Purchasing power -- Portugal.
Description: "This study investigates real wage cyclicality in Portugal for the years of 1986-98, addressing the heterogeneity in wages responses to aggregate labor market conditions for workers' hirings and separations. The results exhibit a moderate procyclical behavior of real wages for continuously employed workers, in particular, for job stayers. For workers' accessions a strongly procyclical behavior in wages was observed, which is consistent with the idea that entry wages are much more procyclical than current wages. This empirical evidence suggests that even micro-data estimates of real wage cyclicality may conceal a strong procyclical wage behavior, when heterogeneity on wages responses to aggregate conditions between employed workers and hirings and separations is not taken into account"--Forschungsinstitut zur Zukunft der Arbeit web site.
Notes: Title from PDF file as viewed on 4/23/2007.

Includes bibliographical references.

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