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:
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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:
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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
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:
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Portugal
Time Period(s):
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1986 – 2007
Universe:
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Portuguese workers in the private sector.
Data Type(s):
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administrative records data
Methodology
Data Source:
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Quadros de Pessoal
Unit(s) of Observation:
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Individuals,
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