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Replication data for: Measuring What Employers Do about Entry Wages over the Business Cycle: A New Approach

Version
V0
Resource Type
Dataset
Creator
  • Martins, Pedro S.
  • Solon, Gary
  • Thomas, Jonathan P.
Publication Date
2012-05-01
Description
  • Abstract

    Rigidity in real hiring wages plays a crucial role in some recent macroeconomic models. But are hiring wages really so noncyclical? We propose using employer/employee longitudinal data to track the cyclical variation in the wages paid to workers newly hired into specific entry jobs. Illustrating the methodology with 1982-2008 data from the Portuguese census of employers, we find real entry wages were about 1.8 percent higher when the unemployment rate was 1 percentage point lower. Like most recent evidence on other aspects of wage cyclicality, our results suggest that the cyclical elasticity of wages is similar to that of employment. (JEL E24, E32, J31, J64)
Availability
Download
Relations
  • Is supplement to
    DOI: 10.1257/mac.4.4.36 (Text)
Publications
  • Martins, Pedro S, Gary Solon, and Jonathan P Thomas. “Measuring What Employers Do about Entry Wages over the Business Cycle: A New Approach.” American Economic Journal: Macroeconomics 4, no. 4 (October 2012): 36–55. https://doi.org/10.1257/mac.4.4.36.
    • ID: 10.1257/mac.4.4.36 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-13

Martins, Pedro S.; Solon, Gary; Thomas, Jonathan P. (2012): Replication data for: Measuring What Employers Do about Entry Wages over the Business Cycle: A New Approach. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E114256