Utilize este identificador para referenciar este registo: http://hdl.handle.net/10400.5/2154
Título: Interactions between private and public sector wages
Autor: Afonso, António
Gomes, Pedro
Palavras-chave: public wages
private wages
Data: Nov-2008
Editora: European Central Bank
Citação: Afonso, António e Pedro Gomes. 2008. "Interactions between private and public sector wages". European Central Bank working paper series nº 971-2008
Relatório da Série N.º: European Central Bank working paper series;nº 971-2008
Resumo: We analyse the interactions between public and private sector wages per employee in OECD countries. We motivate the analysis with a dynamic labour market equilibrium model with search and matching frictions to study the effects of public sector employment and wages on the labour market, particularly on private sector wages. Our empirical evidence shows that the growth of public sector wages and of public sector employment positively affects the growth of private sector wages. Moreover, total factor productivity, the unemployment rate, hours per worker, and inflation, are also important determinants of private sector wage growth. With respect to public sector wage growth, we find that, in addition to some market related variables, it is also influenced by fiscal conditions.
URI: http://hdl.handle.net/10400.5/2154
ISSN: 1725-2806
Versão do Editor: http://www.ecb.int/pub/pdf/scpwps/ecbwp971.pdf
Aparece nas colecções:DE - Documentos de trabalho / Working Papers

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