Messina, Julián; Sanz de Galdeano, Anna - 2011
are more important in Uruguay, while wage indexation is dominant in Brazil. Two regime changes are observed during the … sample period, 1995-2004: (i) in Uruguay wage indexation declines, while workers' resistance to nominal wage cuts becomes … notion that wage rigidity is structural in the sense of Lucas (1976). -- downward wage rigidity ; indexation ; matched …