English, Article, Journal or magazine article edition: Wage Restraint and Volatility Daniel Traca

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Bookmark: http://trove.nla.gov.au/version/111048
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Wage Restraint and Volatility
Author
  • Daniel Traca
Physical Description
  • preprint
Notes
  • This paper studies the notion that a rise in job insecurity, due to rising labor market uncertainty, leads to wage moderation - the ‘wage restraint hypothesis’. It begins by finding only mixed theoretical support for this hypothesis, as an increase in uncertainty generates an ambiguous effect on wages, although it raises job insecurity. Then, using industry data, it finds evidence of wage restraint, as volatility significantly lowers the share of(production) wages in value added.
  • Job-insecurity, Globalization, Wage Contracts, Volatility.
  • RePEc:sol:wpaper:05-001
Language
  • English
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