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Please use this identifier to cite or link to this item: http://hdl.handle.net/2192/169

 
Title: Exchange Rate, External Orientation of Firms and Wage Adjustment
Authors: Nucci, Francesco
Pozzolo, Alberto Franco
Keywords: Exchange Rate
Firms' Foreign Exposure
Wages.
Issue Date: 23-Apr-2012
Abstract: We estimate the effect of exchange rate movements on firm-level wages, using a representative panel of manufacturing firms. We show that the direction and size of wage adjustment is shaped by the international exposure of each firm on both the sale and cost side of the balance sheet, similar to the response of employment documented in Nucci and Pozzolo (2010). Through the revenue side, wages tend to rise after a currency depreciation and the effect is more pronounced the higher is the firm’s exp
...more
URI: http://hdl.handle.net/2192/169
Appears in Collections:4 - REPEC
Econpapers

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