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- Title
EXCHANGE RATES AND WAGES IN UNIONIZED LABOR MARKETS.
- Authors
WRIGHT, PETER W.; BASTOS, PAULO
- Abstract
The authors investigate the impact of exchange rate movements on wage determination in unionized labor markets. Using a simple model of international oligopoly, the authors show that organized labor has a rational incentive to accept lower wages in the face of a currency appreciation. They examine this proposition empirically using a matched worker-firm data set for Portugal and, though the impact varies considerably with worker characteristics, find results consistent with the predictions of the model.
- Subjects
PORTUGAL; LABOR market; FOREIGN exchange rates; LABOR unions; WAGES; LABOR market research
- Publication
ILR Review, 2012, Vol 65, Issue 4, p975
- ISSN
0019-7939
- Publication type
Article
- DOI
10.1177/001979391206500409