Real Wage Chronologies

37 Pages Posted: 25 Sep 2007

See all articles by Louis N. Christofides

Louis N. Christofides

University of Cyprus - Department of Economics; University of Guelph; CESifo (Center for Economic Studies and Ifo Institute for Economic Research); IZA Institute of Labor Economics

Amy Peng

Ryerson University, Faculty of Arts - Department of Economics

Date Written: September 2007

Abstract

We process information in a large number of wage contracts, signed over a period of several decades, to generate the long-run history of the real wage for each bargaining pair. We term these hitherto unexamined histories 'chronologies'. We are able to generate 1574 continuous real wage chronologies and we examine the evolution of the real wage in each case. We explore the influence of productivity growth, the industrial relations record of the pair, the influence of industry and region as well as the initial wage on the growth of the real wage rate over the decades in the sample. We conclude that these economically important forces can be statistically discerned in the wage chronologies.

Keywords: wage chronologies, productivity, industrial relations, convergence

JEL Classification: E31, J41, J50

Suggested Citation

Christofides, Louis N. and Peng, Amy, Real Wage Chronologies (September 2007). CESifo Working Paper Series No. 2096. Available at SSRN: https://ssrn.com/abstract=1016961

Louis N. Christofides (Contact Author)

University of Cyprus - Department of Economics ( email )

75 Kallipoleos Street
P.O. Box 20537
1678 Nicosia
Cyprus
357 22 892448 (Phone)
357 22 892432 (Fax)

University of Guelph ( email )

Guelph, Ontario
Canada
001-519-763-8497 (Phone)

CESifo (Center for Economic Studies and Ifo Institute for Economic Research)

Poschinger Str. 5
Munich, DE-81679
Germany

HOME PAGE: http://www.CESifo.de

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

Amy Peng

Ryerson University, Faculty of Arts - Department of Economics ( email )

Toronto M5B 2K3, Ontario
Canada

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