Wage Rigidity in Canadian Collective Bargaining Agreements

Louis N. Christofides () and Thanasis Stengos ()

University of Cyprus Working Papers in Economics from University of Cyprus Department of Economics

Abstract: We examine wage-change distributions in Canadian union contracts for evidence of downward nominal wage rigidity. Its probability increases substantially during low-inflation periods. During such periods, we discern no reduction in the incidence of real wage cuts. However, their magnitude is modest, suggesting that the labour market may not function as smoothly.

Keywords: nominal; real; wage rigidity (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-lab and nep-mac
Date: 2003-03
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Journal Article: Wage rigidity in Canadian collective bargaining agreements (2003)
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Persistent link: http://EconPapers.repec.org/RePEc:ucy:cypeua:1-2003

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