The cyclicality of real wages and the role of heterogeneous firm dynamics

Detalhes bibliográficos
Autor(a) principal: Andrade, Tomás Maria Braula Reis Rebelo de
Data de Publicação: 2021
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/142247
Resumo: The objective of this Master’s Thesis is to study the cyclical behaviour of real wages, using data from in Portugal, between 1986 and 2018. This study uses a disaggregated data set which allows to control for worker, firm and job title heterogeneity, and an iterative high-dimensional fixed effects procedure. A procyclical pattern of real wages throughout the cycle is obtained, with a slightly weaker pattern for workers who move from one job to another in two consecutive years. Further-more, a firm level analysis is performed, by obtaining a different coefficient for each firm in the data set, which allows a further investigation of the heterogeneous behaviour of the different establishments. Almost one quarter of the total firms’ wage policies were found to be counter cyclical, where as the degree of cyclicality varied considerably between sectors.
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spelling The cyclicality of real wages and the role of heterogeneous firm dynamicsBusiness cyclesLabour economicsFixed effectsReal wagesLabour market dynamicsDomínio/Área Científica::Ciências Sociais::Economia e GestãoThe objective of this Master’s Thesis is to study the cyclical behaviour of real wages, using data from in Portugal, between 1986 and 2018. This study uses a disaggregated data set which allows to control for worker, firm and job title heterogeneity, and an iterative high-dimensional fixed effects procedure. A procyclical pattern of real wages throughout the cycle is obtained, with a slightly weaker pattern for workers who move from one job to another in two consecutive years. Further-more, a firm level analysis is performed, by obtaining a different coefficient for each firm in the data set, which allows a further investigation of the heterogeneous behaviour of the different establishments. Almost one quarter of the total firms’ wage policies were found to be counter cyclical, where as the degree of cyclicality varied considerably between sectors.Portugal, PedroRUNAndrade, Tomás Maria Braula Reis Rebelo de2022-07-21T12:58:22Z2022-01-132021-12-172022-01-13T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/142247TID:202975207enginfo: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:RCAAP2024-03-11T05:19:49Zoai:run.unl.pt:10362/142247Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:50:13.682582Repositório 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 The cyclicality of real wages and the role of heterogeneous firm dynamics
title The cyclicality of real wages and the role of heterogeneous firm dynamics
spellingShingle The cyclicality of real wages and the role of heterogeneous firm dynamics
Andrade, Tomás Maria Braula Reis Rebelo de
Business cycles
Labour economics
Fixed effects
Real wages
Labour market dynamics
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
title_short The cyclicality of real wages and the role of heterogeneous firm dynamics
title_full The cyclicality of real wages and the role of heterogeneous firm dynamics
title_fullStr The cyclicality of real wages and the role of heterogeneous firm dynamics
title_full_unstemmed The cyclicality of real wages and the role of heterogeneous firm dynamics
title_sort The cyclicality of real wages and the role of heterogeneous firm dynamics
author Andrade, Tomás Maria Braula Reis Rebelo de
author_facet Andrade, Tomás Maria Braula Reis Rebelo de
author_role author
dc.contributor.none.fl_str_mv Portugal, Pedro
RUN
dc.contributor.author.fl_str_mv Andrade, Tomás Maria Braula Reis Rebelo de
dc.subject.por.fl_str_mv Business cycles
Labour economics
Fixed effects
Real wages
Labour market dynamics
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
topic Business cycles
Labour economics
Fixed effects
Real wages
Labour market dynamics
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
description The objective of this Master’s Thesis is to study the cyclical behaviour of real wages, using data from in Portugal, between 1986 and 2018. This study uses a disaggregated data set which allows to control for worker, firm and job title heterogeneity, and an iterative high-dimensional fixed effects procedure. A procyclical pattern of real wages throughout the cycle is obtained, with a slightly weaker pattern for workers who move from one job to another in two consecutive years. Further-more, a firm level analysis is performed, by obtaining a different coefficient for each firm in the data set, which allows a further investigation of the heterogeneous behaviour of the different establishments. Almost one quarter of the total firms’ wage policies were found to be counter cyclical, where as the degree of cyclicality varied considerably between sectors.
publishDate 2021
dc.date.none.fl_str_mv 2021-12-17
2022-07-21T12:58:22Z
2022-01-13
2022-01-13T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/142247
TID:202975207
url http://hdl.handle.net/10362/142247
identifier_str_mv TID:202975207
dc.language.iso.fl_str_mv eng
language eng
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.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
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
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reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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