Cyclical Wage Movements in Emerging Markets Compared to Developed Economies:
the Role of Interest Rates
Nan Li
Review of Economic Dynamics

1. Developed.dta and Emerging.dta comprise of data series for developed 
economies and emerging market economies. They are used to generate 
Figure 1-5 and Table 1. All the data series are taken logarithm first 
and detrended using HP filter.

2. Data Source: OECD Main Economic Indictors, IFS, EIU and ILO. For 
details, see Appendix C.    

3. wage_JRpref.m provides Matlab code for simulating the model. It is 
used to generate simulation results in Table 3.