Wage cyclicality and labour market institutions

Bibliographic Details
Main Author: Pereira, João Manuel Rodrigues
Publication Date: 2024
Other Authors: Ramos, Raul, Martins, Pedro S.
Format: Article
Language: eng
Source: Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
Download full: http://hdl.handle.net/10362/171282
Summary: Do labour institutions influence how wages respond to the business cycle? Such responsiveness can then shape several economic outcomes, including unemployment. In this paper, we examine the role of two key labour market institutions – collective bargaining and temporary contracts – upon wage cyclicality. Our evidence is drawn from rich, 2002-2020 matched data from Portugal. We find that workers not covered by collective agreements exhibit much higher wage cyclicality, especially new hires, compared to covered workers. In contrast, workers under temporary contracts do not exhibit sizable differences in cyclicality compared to counterparts under permanent (open-ended) contracts. Our findings highlight a novel angle through which labour institutions influence the labour market and the economy
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spelling Wage cyclicality and labour market institutionsReal wagesBusiness cyclesCollective bargainingTemporary contractsEmployment LawMatched dataDo labour institutions influence how wages respond to the business cycle? Such responsiveness can then shape several economic outcomes, including unemployment. In this paper, we examine the role of two key labour market institutions – collective bargaining and temporary contracts – upon wage cyclicality. Our evidence is drawn from rich, 2002-2020 matched data from Portugal. We find that workers not covered by collective agreements exhibit much higher wage cyclicality, especially new hires, compared to covered workers. In contrast, workers under temporary contracts do not exhibit sizable differences in cyclicality compared to counterparts under permanent (open-ended) contracts. Our findings highlight a novel angle through which labour institutions influence the labour market and the economyNova School of Business and EconomicsRUNPereira, João Manuel RodriguesRamos, RaulMartins, Pedro S.2024-09-06T14:29:43Z2024-08-032024-08-03T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10362/171282engPereira, João, Ramos, Raul, Martins Pedro S. Wage cyclicality and labour market institutions. (August 2024) Nova SBE Working Paper Series No. 662info:eu-repo/semantics/openAccessreponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiainstacron:RCAAP2024-09-09T01:42:08Zoai:run.unl.pt:10362/171282Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireinfo@rcaap.ptopendoar:https://opendoar.ac.uk/repository/71602025-05-28T18:49:09.704259Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiafalse
dc.title.none.fl_str_mv Wage cyclicality and labour market institutions
title Wage cyclicality and labour market institutions
spellingShingle Wage cyclicality and labour market institutions
Pereira, João Manuel Rodrigues
Real wages
Business cycles
Collective bargaining
Temporary contracts
Employment Law
Matched data
title_short Wage cyclicality and labour market institutions
title_full Wage cyclicality and labour market institutions
title_fullStr Wage cyclicality and labour market institutions
title_full_unstemmed Wage cyclicality and labour market institutions
title_sort Wage cyclicality and labour market institutions
author Pereira, João Manuel Rodrigues
author_facet Pereira, João Manuel Rodrigues
Ramos, Raul
Martins, Pedro S.
author_role author
author2 Ramos, Raul
Martins, Pedro S.
author2_role author
author
dc.contributor.none.fl_str_mv RUN
dc.contributor.author.fl_str_mv Pereira, João Manuel Rodrigues
Ramos, Raul
Martins, Pedro S.
dc.subject.por.fl_str_mv Real wages
Business cycles
Collective bargaining
Temporary contracts
Employment Law
Matched data
topic Real wages
Business cycles
Collective bargaining
Temporary contracts
Employment Law
Matched data
description Do labour institutions influence how wages respond to the business cycle? Such responsiveness can then shape several economic outcomes, including unemployment. In this paper, we examine the role of two key labour market institutions – collective bargaining and temporary contracts – upon wage cyclicality. Our evidence is drawn from rich, 2002-2020 matched data from Portugal. We find that workers not covered by collective agreements exhibit much higher wage cyclicality, especially new hires, compared to covered workers. In contrast, workers under temporary contracts do not exhibit sizable differences in cyclicality compared to counterparts under permanent (open-ended) contracts. Our findings highlight a novel angle through which labour institutions influence the labour market and the economy
publishDate 2024
dc.date.none.fl_str_mv 2024-09-06T14:29:43Z
2024-08-03
2024-08-03T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/171282
url http://hdl.handle.net/10362/171282
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Pereira, João, Ramos, Raul, Martins Pedro S. Wage cyclicality and labour market institutions. (August 2024) Nova SBE Working Paper Series No. 662
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Nova School of Business and Economics
publisher.none.fl_str_mv Nova School of Business and Economics
dc.source.none.fl_str_mv reponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
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instname_str FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
instacron_str RCAAP
institution RCAAP
reponame_str Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
collection Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
repository.name.fl_str_mv Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
repository.mail.fl_str_mv info@rcaap.pt
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