Martins, Pedro S. - In: Economic globalization and governance : essays in honor …, (pp. 261-275). 2021
in the formation of wages in many countries. This paper investigates the potential interactions of CB with the … macroeconomy by estimating the business cycle sensitivity of the many thousands of CB minimum wages. Drawing on matched worker and … CB data covering all employees in Portugal, we find that, over the 1982–2017 period, CB real wages are no more than 0 …