Wage Cyclicality and Labor Market Institutions

IF 2.6 3区 管理学 Q2 INDUSTRIAL RELATIONS & LABOR
João Pereira, Raul Ramos, Pedro S. Martins
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引用次数: 0

Abstract

Do labor institutions influence how wages respond to the business cycle? Such responsiveness can then shape several economic outcomes, including unemployment. In this paper, we examine the role of two key labor market institutions—collective bargaining and temporary contracts—upon wage cyclicality. Our evidence is drawn from rich, 2002–2020 matched data from Portugal. We find that workers not covered by collective agreements exhibit much higher wage cyclicality, especially new hires, compared to covered workers. In contrast, workers under temporary contracts do not exhibit sizable differences in cyclicality compared to counterparts under permanent (open-ended) contracts. Our findings highlight a novel angle through which labor institutions influence the labor market and the economy.

工资周期性和劳动力市场制度
劳动制度会影响工资对经济周期的反应吗?这样的反应会影响到包括失业在内的一些经济结果。在本文中,我们研究了两个关键的劳动力市场制度——集体谈判和临时合同——在工资周期性中的作用。我们的证据来自葡萄牙2002年至2020年的丰富匹配数据。我们发现,与受集体协议保护的工人相比,未受集体协议保护的工人(尤其是新雇员)的工资周期性要高得多。相比之下,临时合同下的工人与长期(开放式)合同下的工人相比,在周期性方面没有显着差异。我们的发现突出了劳动制度影响劳动力市场和经济的一个新角度。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
Industrial Relations
Industrial Relations INDUSTRIAL RELATIONS & LABOR-
CiteScore
4.40
自引率
8.70%
发文量
25
期刊介绍: Corporate restructuring and downsizing, the changing employment relationship in union and nonunion settings, high performance work systems, the demographics of the workplace, and the impact of globalization on national labor markets - these are just some of the major issues covered in Industrial Relations. The journal offers an invaluable international perspective on economic, sociological, psychological, political, historical, and legal developments in labor and employment. It is the only journal in its field with this multidisciplinary focus on the implications of change for business, government and workers.
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