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Book Cover
Author Messina, Julian

Title Evolving Wage Cyclicality in Latin America [electronic resource] / Messina, Julian

Published Washington, D.C., The World Bank, 2014


Location Call No. Status
Physical description 1 online resource (30 p.)
Series Policy research working papers.
World Bank e-Library.
Summary 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 all countries up to the mid-1990s except in Chile. Wage cyclicality declines thereafter, especially in Brazil and Colombia. This decline in wage cyclicality is in accordance with declining real-wage flexibility in a low-inflation environment. Controlling for compositional effects caused by changes in labor force participation along the business cycle does not alter these results.
Other author Gambetti, Luca
Messina, Julian
Standard Number 10.1596/1813-9450-6978