Evolving Wage Cyclicality in Latin America:
A vector autoregression model with time-varying coefficients is used to examine the evolution of wage cyclicality in four Latin American economies: Brazil, Chile, Colombia and Mexico, during the period 1980-2010. Wages are highly pro-cyclical in all countries up to the mid-1990s except in Chile. Wag...
Saved in:
| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Washington, D.C
The World Bank
2014
|
| Online Access: | Volltext |
| Summary: | A vector autoregression model with time-varying coefficients is used to examine the evolution of wage cyclicality in four Latin American economies: Brazil, Chile, Colombia and Mexico, during the period 1980-2010. Wages are highly pro-cyclical in all countries up to the mid-1990s except in Chile. Wage cyclicality declines thereafter, especially in Brazil and Colombia. This decline in wage cyclicality is in accordance with declining real-wage flexibility in a low-inflation environment. Controlling for compositional effects caused by changes in labor force participation along the business cycle does not alter these results |
| Physical Description: | 1 Online-Ressource (30 p) |
| DOI: | 10.1596/1813-9450-6978 |
Staff View
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| indexdate | 2025-02-20T07:19:12Z |
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| spellingShingle | Messina, Julián Evolving Wage Cyclicality in Latin America |
| title | Evolving Wage Cyclicality in Latin America |
| title_auth | Evolving Wage Cyclicality in Latin America |
| title_exact_search | Evolving Wage Cyclicality in Latin America |
| title_exact_search_txtP | Evolving Wage Cyclicality in Latin America |
| title_full | Evolving Wage Cyclicality in Latin America Messina, Julián |
| title_fullStr | Evolving Wage Cyclicality in Latin America Messina, Julián |
| title_full_unstemmed | Evolving Wage Cyclicality in Latin America Messina, Julián |
| title_short | Evolving Wage Cyclicality in Latin America |
| title_sort | evolving wage cyclicality in latin america |
| url | https://doi.org/10.1596/1813-9450-6978 |
| work_keys_str_mv | AT messinajulian evolvingwagecyclicalityinlatinamerica AT gambettiluca evolvingwagecyclicalityinlatinamerica |