TY  - RPRT
        AU  - Andini, Corrado
        TI  - Fixed Exchange-Rate Policy and Real Wage Growth: Quasi-Experimental Evidence
        PY  - 2014/Dec/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 8701
        UR  - https://www.iza.org/index.php/publications/dp8701
        AB  - Using Difference-in-Differences estimation and data from the European Community Household Panel, this paper suggests that the fixed exchange-rate policy adopted by Italy in the 1997-2000 period has reduced the real hourly wage growth of Italian full-time workers with permanent contracts, on average, by 3%. Yet, the cost of the policy has been ultimately paid by the private sector where real wage growth has decreased by 5.4%.
        KW  - difference-in-differences
KW  - productivity
KW  - wages
        ER  -