Workers' flows and real wage cyclicality

Arbeitspapier

This study investigates real wage cyclicality in Portugal for the years of 1986-98, addressing 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

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: IZA Discussion Papers ; No. 2604

Classification and Topics

• Classification: Wirtschaft
• Subject: Arbeitsmobilität ; Reallohn ; Lohnstruktur ; Personalbeschaffung ; Portugal

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Carneiro, Anabela ; Portugal, Pedro
• Event: Veröffentlichung
• (who): Institute for the Study of Labor (IZA)
• (where): Bonn
• (when): 2007

Further information

• Handle: http://hdl.handle.net/10419/34032
• URN: urn:nbn:de:101:1-20080422161
• Last update: 10.03.2025, 11:43 AM CET