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Erscheinungsjahr: 
2022
Quellenangabe: 
[Journal:] Quantitative Economics [ISSN:] 1759-7331 [Volume:] 13 [Issue:] 4 [Year:] 2022 [Pages:] 1361-1403
Verlag: 
The Econometric Society, New Haven, CT
Zusammenfassung: 
This paper studies earnings inequality and dynamics in Argentina between 1996 and 2015. Following the 2001-2002 crisis, the Argentine economy transitioned from a low- to a high-inflation regime, while collective bargaining and the minimum wage gained influence. This transition was associated with a persistent decrease in earnings dispersion and cyclical movements in higher-order moments of the distribution of earnings changes. To shed light on the changing nature of wage rigidity during this period, we develop a new method to estimate regular-wage processes. As the Argentine economy transitioned from low to high inflation, the monthly frequency of regular-wage changes almost doubled, while the distribution of regular-wage changes morphed from having a mode around zero and positive skewness to having a positive mode and more symmetric tails.
Schlagwörter: 
Earnings inequality
earnings dynamics
mobility
higher-order moments
inflation
wage rigidity
administrative data
survey data
JEL: 
E24
E31
J31
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