Please use this identifier to cite or link to this item:
Carneiro, Anabela
Portugal, Pedro
Year of Publication: 
Series/Report no.: 
IZA Discussion Papers 2604
This study investigates real wage cyclicality in Portugal for the years of 1986-98, addressing the heterogeneity in wages responses to aggregate labor market conditions for workers' hirings and separations. The results exhibit a moderate procyclical behavior of real wages for continuously employed workers, in particular, for job stayers. For workers' accessions a strongly procyclical behavior in wages was observed, which is consistent with the idea that entry wages are much more procyclical than current wages. This empirical evidence suggests that even micro-data estimates of real wage cyclicality may conceal a strong procyclical wage behavior, when heterogeneity on wages responses to aggregate conditions between employed workers and hirings and separations is not taken into account
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

Files in This Item:
441.48 kB

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.