EconPapers    
Economics at your fingertips  
 

Workers' Flows and Real Wage Cyclicality

Anabela Carneiro () and Pedro Portugal

CEF.UP Working Papers from Universidade do Porto, Faculdade de Economia do Porto

Abstract: This study investigates real wage cyclicality in Portugal for the years of 1986-98, adressing 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.

Keywords: Wage cyclicality; hirings; separations (search for similar items in EconPapers)
JEL-codes: J30 J31 (search for similar items in EconPapers)
Pages: 49 pages
Date: 2004-05
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5) Track citations by RSS feed

Downloads: (external link)
http://www.fep.up.pt/investigacao/cete/papers/dp0402.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.fep.up.pt/investigacao/cete/papers/dp0402.pdf [301 Moved Permanently]--> https://www.fep.up.pt/investigacao/cete/papers/dp0402.pdf)

Related works:
Working Paper: Workers’ Flows and Real Wage Cyclicality (2007) Downloads
Working Paper: Workers' Flows and Real Wage Cyclicality (2004) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:por:cetedp:0402

Access Statistics for this paper

More papers in CEF.UP Working Papers from Universidade do Porto, Faculdade de Economia do Porto Contact information at EDIRC.
Bibliographic data for series maintained by Ana Bonanca ().

 
Page updated 2020-01-27
Handle: RePEc:por:cetedp:0402