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Real Wage Chronologies

Louis Christofides and Amy (Chen) Peng ()

No 707, Working Papers from University of Guelph, Department of Economics and Finance

Abstract: We process information in a large number of wage contracts, signed over a period of several decades, to generate the long-run history of the real wage for each bargaining pair. We term these hitherto unexamined histories ‘chronologies’. We are able to generate 1574 continuous real wage chronologies and we examine the evolution of the real wage in each case. We explore the influence of productivity growth, the industrial relations record of the pair, the influence of industry and region as well as the initial wage on the growth of the real wage rate over the decades in the sample. We conclude that these economically important forces can be statistically discerned in the wage chronologies

Keywords: Wage chronologies; productivity; industrial relations; convergence. (search for similar items in EconPapers)
JEL-codes: E31 J41 J50 (search for similar items in EconPapers)
Pages: 33 pages
Date: 2007
New Economics Papers: this item is included in nep-lab
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Persistent link: https://EconPapers.repec.org/RePEc:gue:guelph:2007-7

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