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Title:Real wage chronologies PDF Logo
Authors:Christofides, Louis N.
Peng, Amy Chen
Issue Date:2007
Series/Report no.:CESifo working paper 2096
Abstract:We process information in a large number of 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 industrial 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 conclude that these economically important forces can be statistically discerned in the wage chronologies.
JEL:E31
J41
J50
Document Type:Working Paper
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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