Minimum wage and collective bargaining reforms : a narrative database for advanced economies
Autor(a) principal: | |
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Data de Publicação: | 2022 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.5/24021 |
Resumo: | This paper presents and describes a new database of major minimum wage and collective bargaining reforms covering 26 advanced economies over the period 1970-2020. The main advantage of this dataset is the precise identification of the nature and date of major reforms, which is valuable in many empirical applications. Based on the dataset, major changes in minimum wages have been more frequent than in collective bargaining in the last decades, and the majority of these were implemented during the 1980s and 1990s. In our empirical application, we find that minimum wage reforms have a medium-run positive impact on labor productivity and they lead to a fall in the unemployment rate. Collective bargaining reforms do not seem to affect either productivity or capital formation but they have a clear medium-term effect on the labor market. Moreover, collective bargaining reforms are more sensitivity to the prevailing business cycle conditions at the time of the reform (vis-à-vis minimum wage reforms). |
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Minimum wage and collective bargaining reforms : a narrative database for advanced economiesLabour market policiesminimum wagecollective bargaininglabour productivitygrowthlocal projectionThis paper presents and describes a new database of major minimum wage and collective bargaining reforms covering 26 advanced economies over the period 1970-2020. The main advantage of this dataset is the precise identification of the nature and date of major reforms, which is valuable in many empirical applications. Based on the dataset, major changes in minimum wages have been more frequent than in collective bargaining in the last decades, and the majority of these were implemented during the 1980s and 1990s. In our empirical application, we find that minimum wage reforms have a medium-run positive impact on labor productivity and they lead to a fall in the unemployment rate. Collective bargaining reforms do not seem to affect either productivity or capital formation but they have a clear medium-term effect on the labor market. Moreover, collective bargaining reforms are more sensitivity to the prevailing business cycle conditions at the time of the reform (vis-à-vis minimum wage reforms).ISEG - REM-Research in Economics and MathematicsRepositório da Universidade de LisboaAfonso, AntónioJalles, João TovarVenter, Zoe2022-04-06T09:51:46Z2022-042022-04-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/24021engAfonso, António, João Tovar Jalles e Zoe Venter (2022). "Minimum wage and collective bargaining reforms : a narrative database for advanced economies". Instituto Superior de Economia e Gestão – REM Working paper series nº 0224 - 20222184-108Xinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-03-06T14:53:39Zoai:www.repository.utl.pt:10400.5/24021Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T17:08:09.388298Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Minimum wage and collective bargaining reforms : a narrative database for advanced economies |
title |
Minimum wage and collective bargaining reforms : a narrative database for advanced economies |
spellingShingle |
Minimum wage and collective bargaining reforms : a narrative database for advanced economies Afonso, António Labour market policies minimum wage collective bargaining labour productivity growth local projection |
title_short |
Minimum wage and collective bargaining reforms : a narrative database for advanced economies |
title_full |
Minimum wage and collective bargaining reforms : a narrative database for advanced economies |
title_fullStr |
Minimum wage and collective bargaining reforms : a narrative database for advanced economies |
title_full_unstemmed |
Minimum wage and collective bargaining reforms : a narrative database for advanced economies |
title_sort |
Minimum wage and collective bargaining reforms : a narrative database for advanced economies |
author |
Afonso, António |
author_facet |
Afonso, António Jalles, João Tovar Venter, Zoe |
author_role |
author |
author2 |
Jalles, João Tovar Venter, Zoe |
author2_role |
author author |
dc.contributor.none.fl_str_mv |
Repositório da Universidade de Lisboa |
dc.contributor.author.fl_str_mv |
Afonso, António Jalles, João Tovar Venter, Zoe |
dc.subject.por.fl_str_mv |
Labour market policies minimum wage collective bargaining labour productivity growth local projection |
topic |
Labour market policies minimum wage collective bargaining labour productivity growth local projection |
description |
This paper presents and describes a new database of major minimum wage and collective bargaining reforms covering 26 advanced economies over the period 1970-2020. The main advantage of this dataset is the precise identification of the nature and date of major reforms, which is valuable in many empirical applications. Based on the dataset, major changes in minimum wages have been more frequent than in collective bargaining in the last decades, and the majority of these were implemented during the 1980s and 1990s. In our empirical application, we find that minimum wage reforms have a medium-run positive impact on labor productivity and they lead to a fall in the unemployment rate. Collective bargaining reforms do not seem to affect either productivity or capital formation but they have a clear medium-term effect on the labor market. Moreover, collective bargaining reforms are more sensitivity to the prevailing business cycle conditions at the time of the reform (vis-à-vis minimum wage reforms). |
publishDate |
2022 |
dc.date.none.fl_str_mv |
2022-04-06T09:51:46Z 2022-04 2022-04-01T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10400.5/24021 |
url |
http://hdl.handle.net/10400.5/24021 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
Afonso, António, João Tovar Jalles e Zoe Venter (2022). "Minimum wage and collective bargaining reforms : a narrative database for advanced economies". Instituto Superior de Economia e Gestão – REM Working paper series nº 0224 - 2022 2184-108X |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
ISEG - REM-Research in Economics and Mathematics |
publisher.none.fl_str_mv |
ISEG - REM-Research in Economics and Mathematics |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799131175246102528 |