Replication data for: Real Wages and the Business Cycle: Accounting for Worker, Firm, and Job Title Heterogeneity

Principal Investigator(s): View help for Principal Investigator(s) Anabela Carneiro; Paulo Guimarães; Pedro Portugal

Version: View help for Version V1

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Project Citation:

Carneiro, Anabela, Guimarães, Paulo, and Portugal, Pedro. Replication data for: Real Wages and the Business Cycle: Accounting for Worker, Firm, and Job Title Heterogeneity. Nashville, TN: American Economic Association [publisher], 2012. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E114241V1

Project Description

Summary: Using a longitudinal matched employer-employee dataset for Portugal over the 1986-2007 period, this study analyzes the wage responses to aggregate labor market conditions for newly hired workers and existing workers within the same firm. Accounting for worker, firm, and job title heterogeneity, the data support the hypothesis that entry wages are more procyclical than wages of stayers. A one point increase in the unemployment rate decreases wages of newly hired workers within a given firm-job title by around 2.7 percent and by 2.2 percent for stayers within the same firm-job title. Finally, the results reveal a one-for-one wage response to changes in labor productivity. (JEL: E24, E32, J64)

Scope of Project

JEL Classification:
      E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
      E32 Business Fluctuations; Cycles
      J64 Unemployment: Models, Duration, Incidence, and Job Search

Geographic Coverage: Portugal

Time Period(s): 1986 – 2007

Universe: Portuguese workers in the private sector.

Data Type(s): administrative records data

Methodology

Data Source: Quadros de Pessoal

Unit(s) of Observation: Individuals,

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Published Versions

V1 [2019-10-12]

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