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A new Labor Conflict Index for Argentina: Preliminary Findings

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  • Darío Judzik
  • Eduardo Levy-Yeyati
  • Martín Montané

Abstract

Labor conflict has been broadly neglected by economists as a sociological issue with limited impact. In this paper, we present a new Labor Conflict Index based on the application of text mining techniques to media data, document that the results are consistent with the existing official data on labor conflicts, and report our preliminary findings. Labor conflict correlates positively (with a 3-quarter lag) with the business cycle, and it precedes by 2 quarters increases in real wages, indicating that conflict may play a role in the procyclical catch up of real wages during expansions.

Suggested Citation

  • Darío Judzik & Eduardo Levy-Yeyati & Martín Montané, 2021. "A new Labor Conflict Index for Argentina: Preliminary Findings," School of Government Working Papers 20210301, Universidad Torcuato Di Tella.
    • Handle: RePEc:udt:wpgobi:20210301
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    1. Paul J. Devereux & Robert A. Hart, 2011. "A Good Time to Stay Out? Strikes and the Business Cycle," British Journal of Industrial Relations, London School of Economics, vol. 49(Supplemen), pages 70-92, June.
    2. Hristos Doucouliagos & Richard B. Freeman & Patrice Laroche & T. D. Stanley, 2018. "How Credible Is Trade Union Research? Forty Years of Evidence on the Monopoly–Voice Trade-Off," ILR Review, Cornell University, ILR School, vol. 71(2), pages 287-305, March.
    3. Assar Lindbeck & Dennis J. Snower, 2001. "Insiders versus Outsiders," Journal of Economic Perspectives, American Economic Association, vol. 15(1), pages 165-188, Winter.
    4. Hristos Doucouliagos & Richard Freeman & Patrice Laroche & T.D. Stanley, 2018. "How Credible Is Trade Union Research? Forty Years of Evidence on the Monopoly–Voice Trade-Off," Post-Print hal-02137429, HAL.
    5. John DiNardo & David S. Lee, 2004. "Economic Impacts of New Unionization on Private Sector Employers: 1984–2001," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 119(4), pages 1383-1441.
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    Cited by:

    1. Lucas Ordóñez, 2025. "The Transmission of Supply Shocks to Inflation: the Case of Argentina (2004-2022)," Working Papers 351, Red Nacional de Investigadores en Economía (RedNIE).

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