Wage cyclicality and labour market institutions

Do labor institutions influence how wages respond to the business cycle? Such responsiveness can then shape several economic outcomes, including unemployment. In this paper, we examine the role of two key labor market institutions—collective bargaining and temporary contracts—upon wage cyclicality....

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Detalles Bibliográficos
Autores: Pereira, João, Ramos Lobo, Raúl, Martins, Pedro S.
Tipo de recurso: artículo
Estado:Versión aceptada para publicación
Fecha de publicación:2025
País:España
Institución:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
Repositorio:Recercat. Dipósit de la Recerca de Catalunya
OAI Identifier:oai:recercat.cat:2445/222927
Acceso en línea:https://hdl.handle.net/2445/222927
Access Level:acceso embargado
Palabra clave:Institucions
Política salarial
Mercat de treball
Institutions
Wage policy
Labor market
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spelling Wage cyclicality and labour market institutionsPereira, JoãoRamos Lobo, RaúlMartins, Pedro S.InstitucionsPolítica salarialMercat de treballInstitutionsWage policyLabor marketDo labor institutions influence how wages respond to the business cycle? Such responsiveness can then shape several economic outcomes, including unemployment. In this paper, we examine the role of two key labor market institutions—collective bargaining and temporary contracts—upon wage cyclicality. Our evidence is drawn from rich, 2002–2020 matched data from Portugal. We find that workers not covered by collective agreements exhibit much higher wage cyclicality, especially new hires, compared to covered workers. In contrast, workers under temporary contracts do not exhibit sizable differences in cyclicality compared to counterparts under permanent (open-ended) contracts. Our findings highlight a novel angle through which labor institutions influence the labor market and the economyJohn Wiley & Sons202520252025infoinfo:eu-repo/semantics/articleinfo:eu-repo/semantics/acceptedVersion18 p.application/pdfhttps://hdl.handle.net/2445/222927Articles publicats en revistes (Econometria, Estadística i Economia Aplicada)reponame:Recercat. Dipósit de la Recerca de Catalunyainstname:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)InglésVersió postprint del document publicat a: https://doi.org/http://doi.org/10.1111/irel.12387Industrial Relations, 2025, vol. 64, num.4, p. 598-615https://doi.org/http://doi.org/10.1111/irel.12387(c) John Wiley & Sons, 2025info:eu-repo/semantics/embargoedAccessoai:recercat.cat:2445/2229272026-05-29T05:05:01Z
dc.title.none.fl_str_mv Wage cyclicality and labour market institutions
title Wage cyclicality and labour market institutions
spellingShingle Wage cyclicality and labour market institutions
Pereira, João
Institucions
Política salarial
Mercat de treball
Institutions
Wage policy
Labor market
title_short Wage cyclicality and labour market institutions
title_full Wage cyclicality and labour market institutions
title_fullStr Wage cyclicality and labour market institutions
title_full_unstemmed Wage cyclicality and labour market institutions
title_sort Wage cyclicality and labour market institutions
dc.creator.none.fl_str_mv Pereira, João
Ramos Lobo, Raúl
Martins, Pedro S.
author Pereira, João
author_facet Pereira, João
Ramos Lobo, Raúl
Martins, Pedro S.
author_role author
author2 Ramos Lobo, Raúl
Martins, Pedro S.
author2_role author
author
dc.subject.none.fl_str_mv Institucions
Política salarial
Mercat de treball
Institutions
Wage policy
Labor market
topic Institucions
Política salarial
Mercat de treball
Institutions
Wage policy
Labor market
description Do labor institutions influence how wages respond to the business cycle? Such responsiveness can then shape several economic outcomes, including unemployment. In this paper, we examine the role of two key labor market institutions—collective bargaining and temporary contracts—upon wage cyclicality. Our evidence is drawn from rich, 2002–2020 matched data from Portugal. We find that workers not covered by collective agreements exhibit much higher wage cyclicality, especially new hires, compared to covered workers. In contrast, workers under temporary contracts do not exhibit sizable differences in cyclicality compared to counterparts under permanent (open-ended) contracts. Our findings highlight a novel angle through which labor institutions influence the labor market and the economy
publishDate 2025
dc.date.none.fl_str_mv 2025
2025
2025
info
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/acceptedVersion
format article
status_str acceptedVersion
dc.identifier.none.fl_str_mv https://hdl.handle.net/2445/222927
url https://hdl.handle.net/2445/222927
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv Versió postprint del document publicat a: https://doi.org/http://doi.org/10.1111/irel.12387
Industrial Relations, 2025, vol. 64, num.4, p. 598-615
https://doi.org/http://doi.org/10.1111/irel.12387
dc.rights.none.fl_str_mv (c) John Wiley & Sons, 2025
info:eu-repo/semantics/embargoedAccess
rights_invalid_str_mv (c) John Wiley & Sons, 2025
eu_rights_str_mv embargoedAccess
dc.format.none.fl_str_mv 18 p.
application/pdf
dc.publisher.none.fl_str_mv John Wiley & Sons
publisher.none.fl_str_mv John Wiley & Sons
dc.source.none.fl_str_mv Articles publicats en revistes (Econometria, Estadística i Economia Aplicada)
reponame:Recercat. Dipósit de la Recerca de Catalunya
instname:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
instname_str Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
reponame_str Recercat. Dipósit de la Recerca de Catalunya
collection Recercat. Dipósit de la Recerca de Catalunya
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15.81155

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