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Real Wage Chronologies

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  • Louis N. Christofides

    ()
    (University of Cyprus; Department of Economics)

  • Amy Peng

    ()
    (Ryerson University)

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

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Bibliographic Info

Paper provided by University of Guelph, Department of Economics and Finance in its series Working Papers with number 0707.

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Length: 33 pages
Date of creation: 2007
Date of revision:
Handle: RePEc:gue:guelph:2007-7

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Keywords: Wage chronologies; productivity; industrial relations; convergence.;

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