Wage Rigidity in Canadian Collective Bargaining Agreements

Datos Bibliográficos

ID3330375
AutoresLouis N Christofides (University of Cyprus), Thanasis Stengos (0000-0002-7771-1121, University of Cyprus)
Año2003
Volumen56
Número3
Páginas429-448
Fecha de publicación2003-04-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaIndustrial and Labor Relations Review (JOURNAL)
Identificadores de la revistaISSN: 0019-7939 • E-ISSN: 2162-271X
EditorialSAGE Publications Inc (PUBLISHER)
DOI10.1177/001979390305600304
OpenAlexW2078530040
IdiomaEN
Citas recibidas3
Referencias citadas26

The authors search information on the provisions of 10,947 wage contracts signed in the Canadian unionized sector between 1976 and 1999 for evidence of downward nominal wage rigidity (the disinclination of wages to fall, in nominal dollars, below their established level). Over the sample period, real wage reductions were common, but nominal wage reductions were rare. The probability of downward nominal wage rigidity increased substantially during low-inflation periods. During such periods, apparently there was no reduction in the incidence of real wage cuts, but the magnitude of those cuts was modest, suggesting a lesser ability of wages to adjust to labor market conditions than at other times

Bargaining power · Collective bargaining · Economics · Efficiency wage · Inflation (cosmology) · Labour economics · Microeconomics · Rigidity (electromagnetism) · Wage · Wage bargaining · Employment and Welfare Studies · Labor market dynamics and wage inequality · Labor Movements and Unions · Merger and Competition Analysis