1980
DOI: 10.2307/1924747
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A Microeconometric Analysis of Spillovers within the Canadian Wage Determination Process

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Cited by 30 publications
(13 citation statements)
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“…COLA clauses do not provide bargaining units on average with higher real wages. Nonindexed contracts appear to equally compensate workers for inflation by factoring expected inflation into future deferred wage increases and "catch-up"for unexpected inflation over the prior contract in the initial wage increase (see Christofides, Swidinsky, and Wilton (1980)). …”
mentioning
confidence: 99%
“…COLA clauses do not provide bargaining units on average with higher real wages. Nonindexed contracts appear to equally compensate workers for inflation by factoring expected inflation into future deferred wage increases and "catch-up"for unexpected inflation over the prior contract in the initial wage increase (see Christofides, Swidinsky, and Wilton (1980)). …”
mentioning
confidence: 99%
“…Besides, the manufacturing average settlement has an important influence across all columns. The implicit wage spillover effect is, comparatively, more important than it is in Christofides et al (1980b) or Prescott and Wilton (1991). Adding the coefficients of these variables (i.e., the expected/target inflation rate and the information flow) we obtain an 'inflation coverage' ranging from 0.54 to 0.63, not much lower than previous estimates for the Canadian case.…”
Section: The Non-cola Wage Equationmentioning
confidence: 62%
“…16 The introduction of the wage spillover variable into the basic wage change équation containing prices and labour market conditions produces a substantial improvement in the goodness-of-fit. See Christofides, Swidinsky and Wilton (1980b). Although the price coefficients are affected by the addition of the wage spillover variable, the order of compensation remains unchanged.…”
Section: Resultsmentioning
confidence: 99%
“…ISj takes on a value of unity if the wage settlement is negotiated in io We also experimented with an unconstrained weight model (the weights attached to past settlements being freely estimated) and a time decay polynomial model (the weights of past settlements being assumed to lie on a quadratic time polynomial). See Christofides, Swidinsky and Wilton (1980b) for a more thorough discussion.…”
Section: Model Specificationmentioning
confidence: 99%