This paper examines the consequences of rapid disinflation for downward wage rigidities in two emerging countries, Brazil and Uruguay, relying on high quality matched employer-employee administrative data. Downward nominal wage rigidities are more important in Uruguay, while wage indexation is dominant in Brazil. Two regime changes are observed during the sample period, 1995-2004: (i) in Uruguay wage indexation declines, while workers' resistance...
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INFORMATION
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2011/10/01
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Document de travail de recherche sur les politiques
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WPS5863
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1
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1
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2011/10/01
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Disclosed
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Wage rigidity and disinflation in emerging countries
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wage indexation
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