Real Wage Chronology

Amy (Chen) Peng () and Louis Christofides

No 11, Working Papers from Toronto Metropolitan University, Department of Economics

Abstract: We process information in a large number of Canadian 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 labour 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 also consider the relation between the mean and variance of the real wage contained in these chronologies.

Keywords: Wages; productivity; labour relations; compensating differentials; convergence. (search for similar items in EconPapers)
JEL-codes: E31 J41 J50 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2009-11
New Economics Papers: this item is included in nep-lab and nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:rye:wpaper:wp011

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