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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References listed on IDEAS
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- 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).
- 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.
- Ana Rute Cardoso & Pedro Portugal, 2003. "Bargained Wages, Wage Drift and the Design of the Wage Setting System," Working Papers w200318, Banco de Portugal, Economics and Research Department.
- Machin, Stephen, 1996. "Wage Inequality in the UK," Oxford Review of Economic Policy, Oxford University Press, vol. 12(1), pages 47-64, Spring.
- Moshe Buchinsky & Jennifer Hunt, 1996.
"Wage Mobility in the United States,"
NBER Working Papers
5455, National Bureau of Economic Research, Inc.
- 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.
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