Aggregate Public-Private Remuneration Patterns in South Africa

被引：0
作者：
Andreas Wörgötter
Sihle Nomdebevana
机构：
[1] University of Technology,Institute of Statistics and Mathematical Methods in Economics
[2] South African Reserve Bank,undefined
来源：
Atlantic Economic Journal | 2020年 / 48卷
关键词：
South Africa; Remuneration pattern; Public sector earnings; Private sector earnings; Co-integration; Granger causality; Dutch disease; C32; E64; J31;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
This paper investigates the public-private remuneration patterns in South Africa with time-series methods for the first time since the introduction of an inflation-targeting framework in 2000. Co-integration tests and analysis confirm that there is a stable, long-run relationship between nominal and real remuneration in the public and private sector. The adjustment to the deviations from this long-run relationship is strong and significant for public-sector remuneration, while private-sector wages neither respond to deviations from the long-run relationship nor lagged changes in public-sector remuneration. The causal direction from private- to public-sector remuneration does not change if real earnings are calculated with the gross domestic product deflator. This is confirmed by simple Granger-causality tests.
引用
收藏
页码：461 / 474
页数：13
相关论文
共 38 条
[11]  
Calmfors L(1977)The Scandinavian model of inflation: A generalization and empirical evidence Atlantic Economic Journal 5 1-14
[12]  
Seim A-L(1991)Estimation and hypothesis testing of cointegration vectors in gaussian vector autoregressive models Econometrica 59 1551-1580
[13]  
Cooley TF(2012)Reference norms, staggered wages, and wage leadership: Theoretical implications and empirical evidence International Economic Review 53 569-592
[14]  
Leroy SF(2012)Public or private sector wage leadership? An international perspective The Scandinavian Journal of Economics 114 228-244
[15]  
Coricelli F(2006)Is the Swedish central government a wage leader? Applied Economics 38 1617-1625
[16]  
Cukierman A(2004)Pattern bargaining International Economic Review 45 239-255
[17]  
Dalmazzo A(2017)Public–private sector wage differentials in Australia The Economic Record, The Economic Society of Australia 93 105-121
[18]  
D’Adamo G(2009)Savings and economic growth in South Africa: A multivariate causality test Journal of Policy Modeling 31 708-718
[19]  
Fearon G(2004)Pattern bargaining and wage leadership in Austria Austrian Economic Quarterly 9 88-101
[20]  
Frisch H(2012)Is there a European wage leader? Wage spillovers in the European monetary union Cambridge Journal of Economics 36 941-962
1234