Author: Harry F. LuttonPublisher:
ISBN:
Category : Exports
Languages : en
Pages : 146
Book Description
Labor Market Distortions in U.S. Manufacturing
Author: Harry F. LuttonPublisher:
ISBN:
Category : Exports
Languages : en
Pages : 146
Book Description
Industrial Policy in the Presence of Wage Distortions
Author: Jaime De MeloPublisher:
ISBN:
Category : Automobile industry and trade
Languages : en
Pages : 44
Book Description
Wage-price Controls and Labor Market Distortions
Author: Daniel J. B. MitchellPublisher: Los Angeles : Institute of Industrial Relations, University of California
ISBN:
Category : Business & Economics
Languages : en
Pages : 200
Book Description
The Labor Market and Economic Adjustment
Author: Pierre-Richard AgénorPublisher: International Monetary Fund
ISBN: 1451854781
Category : Business & Economics
Languages : en
Pages : 98
Book Description
This paper examines the role of the labor market in the transmission process of adjustment policies in developing countries. It begins by reviewing the recent evidence regarding the functioning of these markets. It then studies the implications of wage inertia, nominal contracts, labor market segmentation, and impediments to labor mobility for stabilization policies. The effect of labor market reforms on economic flexibility and the channels through which labor market imperfections alter the effects of structural adjustment measures are discussed next. The last part of the paper identifies a variety of issues that may require further investigation, such as the link between changes in relative wages and the distributional effects of adjustment policies.
Export Expansion, Labor Market Distortion, and Labor Share
Author: Trang HoangPublisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Using Vietnamese firm-level data from 2000 to 2010, this paper measures firm-level labor market distortion with a nonparametric production function approach and examines the impacts of an export shock on such measured distortion. Our measurement indicates substantial wedges between equilibrium marginal revenue products of labor (MRPL) and wages, suggesting that marginal workers get paid roughly 45% of their MRPL. Following the US-Vietnam Bilateral Trade Agreements (BTA) that significantly improves market access for Vietnamese manufacturers, we find that those firms in industries exposed more to the US tariff reductions see relatively faster employment growth, faster increase in labor share, and faster decline in their incurred labor market distortion. The comprehensive nature of Vietnamese firm-level data allows us to make two further contributions. First, we exploit consistent gender composition information to measure distortion separately for male and female workers. We find that the average distortion is 44% higher for female relative to male workers. In addition, the overall reduction of labor market distortion ensued from the BTA is largely driven by the declining distortion for female workers. Second, we exploit data on other formal sectors of the economy to investigate whether BTA exposure in manufacturing spillovers to other sectors via local labor market linkages. We find some evidence for spillovers in terms of employment and labor share.
Do Wage Distortions Justify Protection in the U.S. Auto and Steel Industries?
Author: Jaime De MeloPublisher: World Bank Publications
ISBN:
Category : Automobile industry and trade
Languages : en
Pages : 36
Book Description
No. Wage premiums in those industries may even exacerbate the welfare costs of protection.
Trade, Distortions and Employment in the Argentine Manufacturing Sector
Author: Julio J. NoguésStorm Clouds on the Horizon
Author: Barry BluestonePublisher:
ISBN:
Category : Industries
Languages : en
Pages : 48
Book Description
Manufacturing Employment in North America
Author: Robert A. BleckerPublisher:
ISBN:
Category : Foreign trade and employment
Languages : en
Pages : 18
Book Description
Shows that manufacturing jobs in affiliates of US multinational corporations in Mexico increased from 1986 to 1990, while domestic job creation remained stagnant.
Sticky Feet
Author: Claire H. HollwegPublisher: World Bank Publications
ISBN: 1464802637
Category : Business & Economics
Languages : en
Pages : 123
Book Description
This report quantifies labor mobility costs in developing countries and simulates the implied adjustment paths of employment and wages following a change in trade policy. High mobility costs are shown to reduce the potential gains to trade reform.