Cardoso, Ana Rute; Portugal, Pedro - Banco de Portugal - 2003
both the bargained wage and the wage drift. Results indicate that wage drift stretches the returns to every worker and firm …, extension mechanisms and national minimum wage - coexist with low unemployment rate and high wage flexibility? A unique data set … attribute, whereas it shrinks the returns to union bargaining power. Therefore, firm-specific arrangements, in the form of wage …