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| dc.title | Evolving Wage Cyclicality in Latin America |
| dc.contributor.author | Gambetti, Luca |
| dc.contributor.author | Messina, Julián |
| dc.contributor.orgunit | Department of Research and Chief Economist |
| dc.coverage | Mexico |
| dc.coverage | Colombia |
| dc.coverage | Chile |
| dc.coverage | Brazil |
| dc.coverage | Latin America |
| dc.date.available | 2016-08-08T00:00:00 |
| dc.date.issue | 2016-08-08T00:00:00 |
| dc.description.abstract | This paper examines the evolution of the cyclicality of real wages and employment in four Latin American economies (Brazil, Chile, Colombia and Mexico) during the period 1980-2010. Wages are highly pro-cyclical during the 1980s and early 1990s, a period characterized by high inflation. As inflation declined wages became less pro-cyclical, a feature that is consistent with emerging downward wage rigidities in a low-inflation environment. Compositional effects associated with changes in labor participation along the business cycle appear to matter less for estimates of wage cyclicality than in developed economies. |
| dc.format.extent | 36 |
| dc.identifier.doi | http://dx.doi.org/10.18235/0011754 |
| dc.identifier.url | https://publications.iadb.org/publications/english/document/Evolving-Wage-Cyclicality-in-Latin-America.pdf |
| dc.language.iso | en |
| dc.medium | Adobe PDF |
| dc.publisher | Inter-American Development Bank |
| dc.subject | Employment Rate |
| dc.subject | Labor Force |
| dc.subject | Labor Market |
| dc.subject.jelcode | E24 - Employment • Unemployment • Wages • Intergenerational Income Distribution • Aggregate Human Capital • Aggregate Labor Productivity |
| dc.subject.keywords | employment;labor force;wage flexibility;wage cyclicality |
| dc.type | Working Papers |
| idb.identifier.pubnumber | Working Papers |
| idb.operation | RG-K1415 |