What Type of Contracts Underlie Aggregate Wage Dynamics?

What Type of Contracts Underlie Aggregate Wage Dynamics?
This paper shows that it is possible to estimate the importance of different types of wage contracts at the aggregate level using the same data used to estimate standard Phillips curves. It finds that the behavior of the Chilean private aggregate wage during the 1980s is well described by two-year contracts that are revised every six months... READ MORE...

Publication date: May 1997
ISBN 9781451961621
$15.00

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