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dc.contributor.authorMessina, Juliánen_US
dc.contributor.authorSanz-de-Galdeano, Annaen_US
dc.date.accessioned2011-10-10en_US
dc.date.accessioned2011-11-23T11:32:16Z-
dc.date.available2011-11-23T11:32:16Z-
dc.date.issued2011en_US
dc.identifier.piurn:nbn:de:101:1-20110621380en_US
dc.identifier.urihttp://hdl.handle.net/10419/51657-
dc.description.abstractThis paper examines the consequences of rapid disinflation for downward wage rigidities in two emerging countries, Brazil and Uruguay, relying on high quality matched employer-employee administrative data. Downward nominal wage rigidities are more important in Uruguay, while wage indexation is dominant in Brazil. Two regime changes are observed during the sample period, 1995-2004: (i) in Uruguay wage indexation declines, while workers' resistance to nominal wage cuts becomes more pronounced; and (ii) in Brazil, the introduction of inflation targeting by the Central Bank in 1999 shifts the focal point of wage negotiations from changes in the minimum wage to expected inflation. These regime changes cast doubts on the notion that wage rigidity is structural in the sense of Lucas (1976).en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesDiscussion paper series // Forschungsinstitut zur Zukunft der Arbeit 5778en_US
dc.subject.jelJ30en_US
dc.subject.jelE24en_US
dc.subject.ddc330en_US
dc.subject.keyworddownward wage rigidityen_US
dc.subject.keywordindexationen_US
dc.subject.keywordmatched employer-employee dataen_US
dc.subject.keywordemerging economiesen_US
dc.titleWage rigidity and disinflation in emerging countriesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn669520233en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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