Evolving Wage Cyclicality in Latin America

Evolving Wage Cyclicality in Latin America

A vector autoregression model with time-varying coefficients is used to examine the evolution of wage cyclicality in four Latin American economies: Brazil, Chile, Colombia and Mexico, during the period 1980-2010. Wages are highly pro-cyclical in al...

Full description

Bibliographic Details
Main Authors: Messina, Julian, Gambetti, Luca
Format: Policy Research Working Paper
Language:English
en_US
Published: World Bank Group, Washington, DC 2014
Subjects:
ACCOUNTING
AUTOREGRESSION
BUSINESS CYCLE
BUSINESS CYCLES
CENTRAL BANK
CENTRAL BANKS
COMPARATIVE ANALYSIS
CONSUMER PRICE INDEX
CPI
DEBT
DEBT CRISIS
DEVELOPED COUNTRIES
DEVELOPMENT ECONOMICS
DEVELOPMENT POLICY
DOWNWARD BIAS
ECONOMIC DYNAMICS
ECONOMICS
ELASTICITY
EMPLOYEE
EMPLOYMENT MEASURE
EMPLOYMENT RATES
EMPLOYMENT RELATIONSHIP
ENVIRONMENTS
ESTIMATED PROBABILITY
GDP
GROWTH RATE
HUMAN CAPITAL
INCOME
INDEXATION
INFORMAL EMPLOYMENT
INNOVATION
INNOVATIONS
INTEREST RATES
LABOR CONTRACTS
LABOR COSTS
LABOR FORCE
LABOR FORCE PARTICIPATION
LABOR MARKET
LABOR MARKET ADJUSTMENT
LABOR MARKETS
LABOR REALLOCATION
LABOUR
MACROECONOMIC STABILIZATION
MACROECONOMICS
MANUFACTURING WAGES
MONETARY POLICY
NOMINAL WAGES
POLITICAL ECONOMY
PRIVATE SECTOR
PUBLIC SECTOR WORKERS
REAL WAGE
REAL WAGES
RECESSION
TROUGH
UNEMPLOYMENT
VEC
WAGE ADJUSTMENT
WAGE DATA
WAGE FLEXIBILITY
WAGE GAINS
WAGE RIGIDITIES
WAGE RIGIDITY
WAGES
WORK FORCE
WORKER
WORKERS
Online Access:http://documents.worldbank.org/curated/en/2014/07/19881767/evolving-wage-cyclicality-latin-america
http://hdl.handle.net/10986/19346

Internet

http://documents.worldbank.org/curated/en/2014/07/19881767/evolving-wage-cyclicality-latin-america
http://hdl.handle.net/10986/19346

Similar Items