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Real Wage Chronology

Author

Listed:
  • Amy Peng

    (Department of Economics, Ryerson University, Toronto, Canada)

  • Louis N. Christofides

    (Department of Economics, University of Cyprus, Nicosia, Cyprus)

Abstract

We process information in a large number of Canadian wage contracts, signed over a period of several decades, to generate the long-run history of the real wage for each bargaining pair. We term these hitherto unexamined histories ‘chronologies’. We are able to generate 1574 continuous real wage chronologies and we examine the evolution of the real wage in each case. We explore the influence of productivity growth, the labour relations record of the pair, the influence of industry and region as well as the initial wage on the growth of the real wage rate over the decades in the sample. We also consider the relation between the mean and variance of the real wage contained in these chronologies.

Suggested Citation

  • Amy Peng & Louis N. Christofides, 2009. "Real Wage Chronology," Working Papers 011, Toronto Metropolitan University, Department of Economics.
    • Handle: RePEc:rye:wpaper:wp011
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    References listed on IDEAS

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    More about this item

    Keywords

    Wages; productivity; labour relations; compensating differentials; convergence.;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • J41 - Labor and Demographic Economics - - Particular Labor Markets - - - Labor Contracts
    • J50 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - General

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