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Minimum Wages and Firm Employment: Evidence from China
Huang, Yi; Loungani, Prakash; Wang, Gewei - International Monetary Fund (IMF) - 2014
This paper provides the first systematic study of how minimum wage policies in China affect firm employment over the … impact on employment, with an estimated elasticity of -0.1. Furthermore, we find a heterogeneous effect of the minimum wage … on employment which depends on the firm's wage level. Specifically, the minimum wage has a greater negative impact on …
Persistent link: https://www.econbiz.de/10011123849
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Uncertainty and the Employment Dynamics of Small and Large Businesses
Ghosal, Vivek; Ye, Yang - International Monetary Fund (IMF) - 2015
We examine the impact of uncertainty on employment dynamics. Alternative measures of uncertainty are constructed based … price index, and fuel prices. Our results indicate that greater uncertainty has a negative impact on growth of employment …-existent or weaker. Our results suggest that to truly understand the effects of uncertainty on employment dynamics, we need to …
Persistent link: https://www.econbiz.de/10011123865
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Adopting the Euro in Central Europe; Challenges of the Next Step in European Integration
International Monetary Fund (IMF); International … - 2005
Upon entry into the European Union, countries become members of the Economic and Monetary Union (EMU), with a derogation from adopting the euro as their currency (that is, each country joining the EU commits to replace its national currency with the euro, but can choose when to request...
Persistent link: https://www.econbiz.de/10005767345
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Turkey at the Crossroads; From Crisis Resolution to EU Accession
McGettigan, Donal; Debrun, Xavier; Griffiths, Mark E. L.; … - International Monetary Fund (IMF) - 2005
The key policy challenge for Turkey in the years ahead will be to enhance and consolidate the advances made since the nation’s 2000-01 economic crisis. Higher growth could reduce unemployment and raise living standards toward European Union levels. This paper reviews Turkey’s...
Persistent link: https://www.econbiz.de/10005767368
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Algeria; Selected Issues and Statistical Appendix
International Monetary Fund (IMF); International … - 2003
This Selected Issues paper and Statistical Appendix deals with the issue of low growth in Algeria. A growth-accounting exercise indicates that negative total factor productivity growth explains Algeria’s low growth rates. This paper highlights the sources of this low growth that mainly...
Persistent link: https://www.econbiz.de/10005768420
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Australia; Background Material
International Monetary Fund (IMF); International … - 1995
evolutionary reform of the industrial relations system. The paper reviews developments in employment, wages, and productivity in …
Persistent link: https://www.econbiz.de/10005768464
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Federated States of Micronesia; Selected Issues and Statistical Appendix
International Monetary Fund (IMF); International … - 2005
This Selected Issues paper on the Federated States of Micronesia (FSM) underlies economic development. Since independence, the FSM has been heavily dependent on assistance from the United States. With government expenditure of more than 60 percent of GDP, the private sector remains...
Persistent link: https://www.econbiz.de/10005768636
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Belgium; Selected Issues
International Monetary Fund (IMF); International … - 2004
Belgium has effected a remarkable fiscal adjustment, best illustrated by the decline in its public debt. While benefiting from an appreciable decline in interest rates, most of the underlying consolidation reflected a considerable increase in the tax burden, one of the highest in the...
Persistent link: https://www.econbiz.de/10005768647
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Explaining China's Low Consumption; The Neglected Role of Household Income
Aziz, Jahangir; Cui, Li - International Monetary Fund (IMF) - 2007
The Chinese government has recently focused on the need to increase consumption to rebalance the economy. A widely held view is that despite China's remarkably high growth, the share of consumption in total expenditure has been low and declining due to high and rising saving rate of Chinese...
Persistent link: https://www.econbiz.de/10005768788
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Remittances in the Pacific Region
Mineshima, Aiko; Browne, Christopher - International Monetary Fund (IMF) - 2007
the impact of emigration due to low growth and limited employment prospects at home. Many Pacific emigrants settle abroad …
Persistent link: https://www.econbiz.de/10005769049