Font, Paulino; Izquierdo, Mario; Puente, Sergio - In: IZA Journal of European Labor Studies 4 (2015) 13, pp. 1-13
We estimate real wage cyclicality in the period compressed between 1987 and 2013 using a large administrative dataset … business cycle, we find that differences across expansions and recessions are significant, with an even lower real wage … cyclicality in recessions. Furthermore, higher levels of unemployment do not translate into additional real wages adjustments when …