Wage policy, labor markets and industrial wages in Brazil, 1960-1976: An analysis by ownership and company size

Russell E. Smith ()

Brazilian Journal of Political Economy, 1988, vol. 8, issue 1, 50-72

Abstract: This paper analyzes the relative roles of wage policy and economic conditions inwage determination for production workers between 1960 and 1976 in five manufacturingindustries in São Paulo, Brazil. Analysis of three sub-periods considers the direction of theinfluence of wage policy on real wages, the observed changes in real wages, and “wage drift”relative to a predicted wage index based on wage policy. Results indicate that the impact ofthe repressive wage policies during the 1965-67 and 1973 “wage-squeeze” periods varied bysize of the firm and ownership and with general economic conditions. JEL Classification: J31; J38.

Keywords: Wages; wage structure; wage differential; income distribution (search for similar items in EconPapers)
Date: 1988
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