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Wages and wage policy

Author

Listed:
  • Domingo Zurron Ócio

Abstract

Using an alternative data, we built a General Wage Index for the industry oftransformation, between 1961 and 1984. Its desagregation permited us to analyse the evolutionof real salaries and real wages of the eight professional categories. We verified thatthe earnings depend, in the first place, on the conduct of the economic cycle, and secondarily,on the factors related to the business’ organizational structure, trade-union movement, andgovernment’s wage policy. The official minimum wage doesn’t seem to determine the wagesrate; its major impact concerns to the informal sector. JEL Classification: J31; J38.

Suggested Citation

  • Domingo Zurron Ócio, 1986. "Wages and wage policy," Brazilian Journal of Political Economy, Center of Political Economy, vol. 6(2), pages 171-192.
    • Handle: RePEc:ekm:repojs:v:6:y:1986:i:2:p:171-192:id:1789
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    File URL: https://centrodeeconomiapolitica.org/repojs/index.php/journal/article/view/1789/1775
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    More about this item

    Keywords

    Wages; wage policy; minimum wage;
    All these keywords.

    JEL classification:

    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • J38 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Public Policy

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