Wage Responsiveness and Labor Market Disequilibrium PDF Download

Author: Ramon Eugenio Lopez
Publisher:
ISBN:
Category : Wages
Languages : en
Pages : 27

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Author: Ramon Eugenio Lopez
Publisher:
ISBN:
Category : Equilibrium (Economics)
Languages : en
Pages : 38

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Core unemployment may not affect market wages; transient unemployment does. Policymaking should reflect the distinction.

Author: Richard E. Quandt
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 120

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Author: Pierre-Richard Agénor
Publisher: International Monetary Fund
ISBN: 1451854781
Category : Business & Economics
Languages : en
Pages : 98

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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.

Author: Ronald St. Clair Warren
Publisher:
ISBN:
Category : Labor supply
Languages : en
Pages : 290

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Author: Joseph G. Altonji
Publisher:
ISBN:
Category : Labor demand
Languages : en
Pages : 104

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Author: Andrew Weiss
Publisher: Princeton University Press
ISBN: 140086206X
Category : Political Science
Languages : en
Pages : 126

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Known for his seminal work in efficiency-wage theory, Andrew Weiss surveys recent research in the field and presents new results. He shows how wage schedules affect the kinds of workers a firm employs and how well those workers perform on the job. Using straightforward examples, he demonstrates how efficiency-wage theory can explain labor market outcomes and guide government policy. There is a separate section of applications to less developed countries. "Efficiency-wage models represent one of the most important developments in economic theory of recent years. They have, at last, provided integrated explanations both of macroeconomic phenomena, such as unemployment and wage rigidity, and microeconomic phenomena, such as wage dispersion. Weiss--one of the pioneers of efficiency-wage theory--provides here a masterful survey, a lucid and systematic and yet critical account of this rapidly developing branch of economics. This book should be required reading in all courses in macroeconomics."--Joseph Stiglitz, Stanford University "Efficiency Wages should be on the bookshelf of all labor and macroeconomists."--Lawrence H. Summers, Harvard University "A splendid monograph ... most readable... I will put it on my reading list."--Partha Dasgupta, Stanford University Originally published in 1991. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Author: Ronald St. Clair Warren jr.
Publisher:
ISBN:
Category :
Languages : en
Pages : 145

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Author: Mr.Marcello M. Estevão
Publisher: International Monetary Fund
ISBN: 147552014X
Category : Business & Economics
Languages : en
Pages : 29

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Even though institutions are created to protect workers, they may interfere with labor market functioning, raise unemployment, and end up being circumvented by informal contracts. This paper uses Brazilian microeconomic data to show that the institutional changes introduced by the 1988 Constitution lowered the sensitivity of real wages to changes in labor market slack and could have contributed to the ensuing higher rates of unemployment in the country. Moreover, the paper shows that states that faced higher increases in informality (i.e., illegal work contracts) following the introduction of the new Constitution tended to have smaller drops in wage responsiveness to macroeconomic conditions, thus suggesting that informality serves as a escape valve to an over-regulated environment.

Author: Wilfred Beckerman
Publisher: Bloomsbury Academic
ISBN:
Category : Business & Economics
Languages : en
Pages : 240

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