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020129s2011 dcu o i001 0 eng d |
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20240412160443.0 |
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|a (OCoLC)wbokr778848076
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|a CEF
|b eng
|c CEF
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|d MERER
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|d OCLCO
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|d OCLCF
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|a 10.1596/1813-9450-5863
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|a NZ1
|b 14225992
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|a (OCoLC)778848076
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|a GWRE
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|a Messina, Julián.
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| 245 |
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|a Wage Rigidity and Disinflation in Emerging Countries
|c Julián Messina and Anna Sanz-de-Galdeano.
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| 260 |
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|a Washington, D.C. :
|b The World Bank,
|c 2011.
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| 300 |
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|a 1 online resource (43 pages)
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|a text
|b txt
|2 rdacontent
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|a computer
|b c
|2 rdamedia
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|a online resource
|b cr
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|a This paper examines the consequences of rapid disinflation for downward wage rigidities in two emerging countries, Brazil and Uruguay, relying on high quality matched employer-employee administrative data. Downward nominal wage rigidities are more important in Uruguay, while wage indexation is dominant in Brazil. Two regime changes are observed during the sample period, 1995-2004: (i) in Uruguay wage indexation declines, while workers' resistance to nominal wage cuts becomes more pronounced; and (ii) in Brazil, the introduction of inflation targeting by the Central Bank in 1999 shifts the focal point of wage negotiations from changes in the minimum wage to expected inflation. These regime changes cast doubts on the notion that wage rigidity is structural in the sense of Lucas (1976).
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| 650 |
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|a Wages
|z Developing countries.
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| 650 |
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|a Inflation (Finance)
|z Developing countries.
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| 650 |
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7 |
|a Inflation (Finance)
|2 fast
|0 (OCoLC)fst00972450
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| 650 |
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7 |
|a Wages.
|2 fast
|0 (OCoLC)fst01169492
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| 651 |
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7 |
|a Developing countries.
|2 fast
|0 (OCoLC)fst01242969
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| 710 |
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|a World Bank.
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| 730 |
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|a World Bank e-Library.
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| 830 |
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|a Policy research working papers.
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| 856 |
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|u https://openknowledge.worldbank.org/handle/10986/3629
|z Full Text (via Open Knowledge Repository)
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| 915 |
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|a M
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| 956 |
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|a World Bank Open Knowledge
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| 956 |
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|b World Bank Group: Open Knowledge Repository
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| 998 |
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|b New collection global.5644.245
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| 994 |
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|a 92
|b COD
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|s 37c0a762-540f-4a18-ab46-8702b835a654
|i b06375a2-42f1-47cf-9978-ac44c030dc46
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| 952 |
f |
f |
|p Can circulate
|a University of Colorado Boulder
|b Online
|c Online
|d Online
|h Library of Congress classification
|i web
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