Wage Mobility: Do Institutions Make a Difference? A Replication Study Comparing Portugal and the UK
This study compares wage mobility in Portugal and the UK, replicating the work by Dickens (2000) and progressing to discuss the impact of differences in the institutional framework, which is more regulated and centralized in Portugal, with minimum wages, employment protection, and collective bargaining widely applied. Results indicate that both countries became more unequal and less mobile labour markets, having departed from similar levels in mid-80s. The evidence does not support the idea that a more regulated institutional framework reduces individual mobility within the wage distribution.
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|Date of creation:||Apr 2004|
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- Ana Rute Cardoso & Pedro Portugal, 2003.
"Bargained Wages, Wage Drift and the Design of the Wage Setting System,"
w200318, Banco de Portugal, Economics and Research Department.
- Cardoso, Ana Rute & Portugal, Pedro, 2004. "Bargained Wages, Wage Drift and the Design of the Wage-Setting System," CEPR Discussion Papers 4405, C.E.P.R. Discussion Papers.
- Cardoso, Ana Rute & Portugal, Pedro, 2003. "Bargained Wages, Wage Drift and the Design of the Wage Setting System," IZA Discussion Papers 914, Institute for the Study of Labor (IZA).
- Machin, Stephen, 1996. "Wage Inequality in the UK," Oxford Review of Economic Policy, Oxford University Press, vol. 12(1), pages 47-64, Spring.
- A. R. Cardoso, 2000. "Wage differentials across firms: an application of multilevel modelling," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 15(4), pages 343-354.
- Moshe Buchinsky & Jennifer Hunt, 1999.
"Wage Mobility In The United States,"
The Review of Economics and Statistics,
MIT Press, vol. 81(3), pages 351-368, August.
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