Real Wages and the Business Cycle: Accounting for Worker,Firm, and Job Heterogeneity

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IZA Seminar

Place: Schaumburg-Lippe-Str. 9, 53113 Bonn

Date: 07.09.2010, 12:15 - 13:30


Presentation by 

Pedro Portugal (Banco de Portugal)


Using a longitudinal matched employer-employee data set for Portugal over the 1986-2007 period, this study analyzes the heterogeneity in wages responses to aggregate labor market conditions for newly hired workers and existing workers within the same firm. Accounting simultaneously for worker, firm, and job heterogeneity, the data support the hypothesis that

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