期刊名称:Economics Discussion Papers / Department of Economics, College of Management and Economics, University of Guelph
出版年度:2007
卷号:2007
期号:07
出版社:University of Guelph
摘要: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.