Nucci, Francesco; Pozzolo, Alberto Franco - Dipartimento di Economia, Management e Metodi … - 2012
We estimate the effect of exchange rate movements on firm-level wages, using a representative panel of manufacturing …). Through the revenue side, wages tend to rise after a currency depreciation and the effect is more pronounced the higher is the … firm’s exposure to sales from exports. Through the expenditure side, a depreciation induces a cut in the firm’s wages, and …