Files
Embargo
Item embargoed until 2027-01-16Document type
ArticleVersion
Accepted versionPublication date
All rights reserved
Please use this identifier to cite or link to this item: https://hdl.handle.net/2445/222927
Wage cyclicality and labour market institutions
Journal Title
Director/Tutor
Journal ISSN
Volume Title
Related resource
Abstract
Do labor institutions influence how wages respond to the business cycle? Such responsiveness can then shape several economic outcomes, including unemployment. In this paper, we examine the role of two key labor market institutions—collective bargaining and temporary contracts—upon wage cyclicality. Our evidence is drawn from rich, 2002–2020 matched data from Portugal. We find that workers not covered by collective agreements exhibit much higher wage cyclicality, especially new hires, compared to covered workers. In contrast, workers under temporary contracts do not exhibit sizable differences in cyclicality compared to counterparts under permanent (open-ended) contracts. Our findings highlight a novel angle through which labor institutions influence the labor market and the economy
Subject (English)
Citation
Citation
PEREIRA, João, RAMOS LOBO, Raúl and MARTINS, Pedro S. Wage cyclicality and labour market institutions. Industrial Relations. 2025. Vol. 64, num. 4, pags. 598-615. ISSN 0019-8676. [consulted: 11 of August of 2026]. Available at: https://hdl.handle.net/2445/222927