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dc.contributor.authorMessina, Juliánen
dc.contributor.authorSanz-de-Galdeano, Annaen
dc.date.accessioned2011-10-10-
dc.date.accessioned2011-11-23T11:32:16Z-
dc.date.available2011-11-23T11:32:16Z-
dc.date.issued2011-
dc.identifier.piurn:nbn:de:101:1-20110621380en
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
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x5778en
dc.subject.jelJ30en
dc.subject.jelE24en
dc.subject.ddc330en
dc.subject.keyworddownward wage rigidityen
dc.subject.keywordindexationen
dc.subject.keywordmatched employer-employee dataen
dc.subject.keywordemerging economiesen
dc.titleWage rigidity and disinflation in emerging countries-
dc.typeWorking Paperen
dc.identifier.ppn669520233en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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