The evolution of the earnings distribution in a volatile economy:: evidence from Argentina

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This paper studies earnings inequality and dynamics in Argentina between 1996 and 2015. Following the 2001–2002 crisis, the Argentine economy transitioned from a low- to a high-inflation regime. At the same time, the number of collective bargaining agreements increased, and minimum wage adjustments...

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Autores principales: Blanco, Andrés, Diaz de Astarloa, Bernardo, Drenik, Andrés, Moser, Christian, Trupkin, Danilo
Formato: Artículo publishedVersion
Lenguaje:Inglés
Publicado: Instituto Interdisciplinario de Economía Política (IIEP UBA-CONICET) 2021
Materias:
Desigualdad de salarios
Volatilidad
Movilidad
Rigidez salarial
Inflación
Income Inequality
Income Volatility
Income Mobility
Wage Rigidity
Inflation
Acceso en línea:https://ojs.economicas.uba.ar/DT-IIEP/article/view/2539
https://repositoriouba.sisbi.uba.ar/gsdl/cgi-bin/library.cgi?a=d&c=dociiep&d=2539_oai
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Repositorio Digital de la Universidad de Buenos Aires (UBA) de Universidad de Buenos Aires
id I28-R145-2539_oai
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spelling I28-R145-2539_oai2025-02-11 Blanco, Andrés Diaz de Astarloa, Bernardo Drenik, Andrés Moser, Christian Trupkin, Danilo 2021-12-13 This paper studies earnings inequality and dynamics in Argentina between 1996 and 2015. Following the 2001–2002 crisis, the Argentine economy transitioned from a low- to a high-inflation regime. At the same time, the number of collective bargaining agreements increased, and minimum wage adjustments became more frequent. We document that this macroeconomic transition was associated with a persistent decrease in the dispersion of real earnings and cyclical movements in higher-order moments of the distribution of earnings changes. To understand this transition at the micro level, we estimate processes of regular wages within job spells. As the Argentine economy transitioned from low to high inflation, the monthly frequency of regular-wage adjustments almost doubled, while the distribution of regular-wage changes morphed from having a mode close to zero and being positively skewed to having a positive mode and being more symmetric. Este artículo estudia la desigualdad de los salarios y su dinámica en la Argentina entre 1996 y 2015. Luego de la crisis de 2001-2002, la economía argentina pasó de un régimen de baja inflación a uno de alta inflación. Al mismo tiempo, aumentó el número de convenios colectivos y los ajustes del salario mínimo se hicieron más frecuentes. En el presente trabajo, documentamos que esta transición macroeconómica estuvo asociada con una disminución persistente en la dispersión de los salarios reales y en los movimientos cíclicos de los momentos de orden superior de la distribución de los cambios salariales. Para comprender esta transición a nivel micro, estimamos procesos para los salarios regulares dentro de los períodos de los trabajadores en sus puestos. En tanto la economía argentina transicionó de la inflación baja a la inflación alta, la frecuencia mensual de los ajustes de salarios regulares casi se duplicó, mientras que la distribución de los cambios en los salarios regulares pasó de tener una moda cercana a cero y sesgo positivo a tener una moda positiva y ser más simétrica application/pdf https://ojs.economicas.uba.ar/DT-IIEP/article/view/2539 eng Instituto Interdisciplinario de Economía Política (IIEP UBA-CONICET) https://ojs.economicas.uba.ar/DT-IIEP/article/view/2539/3273 Documentos de trabajo del Instituto Interdisciplinario de Economía Política; Núm. 69 (2021): The evolution of the earnings Distribution in a volatile economy: evidence from Argentina; 1-93 Working Papers series at Instituto Interdisciplinario de Economía Política; No. 69 (2021): Evolución de la distribución de salarios en una economía volátil: evidencia para la Argentina; 1-93 2451-5728 Desigualdad de salarios Volatilidad Movilidad Rigidez salarial Inflación Income Inequality Income Volatility Income Mobility Wage Rigidity Inflation The evolution of the earnings distribution in a volatile economy:: evidence from Argentina Evolución de la distribución de salarios en una economía volátil:: evidencia para la Argentina info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion https://repositoriouba.sisbi.uba.ar/gsdl/cgi-bin/library.cgi?a=d&c=dociiep&d=2539_oai
institution Universidad de Buenos Aires
institution_str I-28
repository_str R-145
collection Repositorio Digital de la Universidad de Buenos Aires (UBA)
language Inglés
orig_language_str_mv eng
topic Desigualdad de salarios
Volatilidad
Movilidad
Rigidez salarial
Inflación
Income Inequality
Income Volatility
Income Mobility
Wage Rigidity
Inflation
spellingShingle Desigualdad de salarios
Volatilidad
Movilidad
Rigidez salarial
Inflación
Income Inequality
Income Volatility
Income Mobility
Wage Rigidity
Inflation
Blanco, Andrés
Diaz de Astarloa, Bernardo
Drenik, Andrés
Moser, Christian
Trupkin, Danilo
The evolution of the earnings distribution in a volatile economy:: evidence from Argentina
topic_facet Desigualdad de salarios
Volatilidad
Movilidad
Rigidez salarial
Inflación
Income Inequality
Income Volatility
Income Mobility
Wage Rigidity
Inflation
description This paper studies earnings inequality and dynamics in Argentina between 1996 and 2015. Following the 2001–2002 crisis, the Argentine economy transitioned from a low- to a high-inflation regime. At the same time, the number of collective bargaining agreements increased, and minimum wage adjustments became more frequent. We document that this macroeconomic transition was associated with a persistent decrease in the dispersion of real earnings and cyclical movements in higher-order moments of the distribution of earnings changes. To understand this transition at the micro level, we estimate processes of regular wages within job spells. As the Argentine economy transitioned from low to high inflation, the monthly frequency of regular-wage adjustments almost doubled, while the distribution of regular-wage changes morphed from having a mode close to zero and being positively skewed to having a positive mode and being more symmetric.
format Artículo
publishedVersion
author Blanco, Andrés
Diaz de Astarloa, Bernardo
Drenik, Andrés
Moser, Christian
Trupkin, Danilo
author_facet Blanco, Andrés
Diaz de Astarloa, Bernardo
Drenik, Andrés
Moser, Christian
Trupkin, Danilo
author_sort Blanco, Andrés
title The evolution of the earnings distribution in a volatile economy:: evidence from Argentina
title_short The evolution of the earnings distribution in a volatile economy:: evidence from Argentina
title_full The evolution of the earnings distribution in a volatile economy:: evidence from Argentina
title_fullStr The evolution of the earnings distribution in a volatile economy:: evidence from Argentina
title_full_unstemmed The evolution of the earnings distribution in a volatile economy:: evidence from Argentina
title_sort evolution of the earnings distribution in a volatile economy:: evidence from argentina
publisher Instituto Interdisciplinario de Economía Política (IIEP UBA-CONICET)
publishDate 2021
url https://ojs.economicas.uba.ar/DT-IIEP/article/view/2539
https://repositoriouba.sisbi.uba.ar/gsdl/cgi-bin/library.cgi?a=d&c=dociiep&d=2539_oai
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