tag:blogger.com,1999:blog-3120478448417742445.post3012940640017264077..comments2024-03-24T06:35:14.281+00:00Comments on The Portuguese Economy: An update on wage adjustmentEditorhttp://www.blogger.com/profile/16779405217168307855noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-3120478448417742445.post-68469160908210524542012-08-10T03:36:59.676+01:002012-08-10T03:36:59.676+01:00Francesco was right. The 2011 data reflects to the...Francesco was right. The 2011 data reflects to the 2012 data. We can understand the graph better with the help of a financial advisor like <a href="http://www.moneytalkedbutowsky.com/" rel="nofollow">Ed Butowsky</a> :)Anonymoushttps://www.blogger.com/profile/09297223516687324282noreply@blogger.comtag:blogger.com,1999:blog-3120478448417742445.post-74390345536058859632012-07-10T13:49:15.976+01:002012-07-10T13:49:15.976+01:00@iv
yes we have to wait for 2012 data. But regard...@iv<br /><br />yes we have to wait for 2012 data. But regarding 2011: in my payroll, part of the subsidy of Christmas was not paid (the private had a tax right? and that should not affect compensation) and the 5% decrease in wage bill (2011) affected only the public servants.<br /><br />for the data no problem send me an email: ffranco@fe.unl.ptFrancesco Francohttps://www.blogger.com/profile/11861110874760435047noreply@blogger.comtag:blogger.com,1999:blog-3120478448417742445.post-86606669116510624002012-07-10T13:37:34.754+01:002012-07-10T13:37:34.754+01:00Have you performed the calculation also subtractin...Have you performed the calculation also subtracting the price inflation index (to see the real increase/decrease of salaries agaist cost of living)?<br /><br />Also, since the variations are not additive, but multiplicative, what would be really the end result of those variations on the final salary? <br /><br />I assume what I am really asking for is the dataset :).ivhttps://www.blogger.com/profile/02712538386789506027noreply@blogger.comtag:blogger.com,1999:blog-3120478448417742445.post-75943309680592408132012-07-10T13:27:12.046+01:002012-07-10T13:27:12.046+01:00Francesco, the cut of the 13th and 14th months (be...Francesco, the cut of the 13th and 14th months (better called 1/7th of the yearly salary) aren’t present in the graph, since they are measures for 2012, and the graph only goes to 2011... So the drop in 2012 will only be depicted with data from 2012. The drop shown for 2011 should be the cut of 1/28th of the yearly salary (which affected both public and private workers).ivhttps://www.blogger.com/profile/02712538386789506027noreply@blogger.comtag:blogger.com,1999:blog-3120478448417742445.post-72384797814650795652012-07-09T17:30:19.959+01:002012-07-09T17:30:19.959+01:00@ Michael
Not really. What it shows is that downw...@ Michael<br /><br />Not really. What it shows is that downward nominal rigidity in the private sector is there. The decline in the public sector wages is essentially due to the cut of the 13th and 14th months (together with the average 5% decrease of the wage bill by the previous government). So far average wages have decreased through administrative actions and not market based adjustments. Let us wait for the first quarter 2012.Francesco Francohttps://www.blogger.com/profile/11861110874760435047noreply@blogger.comtag:blogger.com,1999:blog-3120478448417742445.post-53926536923237938952012-07-09T17:22:21.460+01:002012-07-09T17:22:21.460+01:00head queria escrever...head queria escrever...Michaelhttps://www.blogger.com/profile/06807178439006046089noreply@blogger.comtag:blogger.com,1999:blog-3120478448417742445.post-54466334317216358902012-07-09T17:21:17.821+01:002012-07-09T17:21:17.821+01:00Kind of turns the whole "insiders vs outsider...Kind of turns the whole "insiders vs outsiders" discourse on its had doesn't it?Michaelhttps://www.blogger.com/profile/06807178439006046089noreply@blogger.com