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This paper reviews several methods to measure wage flexibility, and their suitability for evaluating the extent of such … flexibility during times of structural change, when wage distributions and wage curves can be particularly volatile. The paper … uses nonparametric estimation to capture possible nonlinearities in the wage curve and relaxes the assumption of a stable …
Persistent link: https://www.econbiz.de/10005248228
This Selected Issues paper for euro area policies analyzes the product market regulation and benefits of wage …
Persistent link: https://www.econbiz.de/10005591480
negotiations, the degree of unionization and the system of tripartism, the wage setting mechanism, and labor market programs. The … paper makes an assessment of the flexibility and efficiency of the Cypriot labor market, and in particular, the wage …
Persistent link: https://www.econbiz.de/10005598850
market flows on wage formation as an alternative to the traditional specification of wage equations in which unemployment … represents Phillipscurve or wage-curve effects. The paper estimates a dynamic wage equation for the Netherlands using a … both short-run and long-run wage setting. …
Persistent link: https://www.econbiz.de/10005604781
This Selected Issues paper and Statistical Appendix analyzes developments in the domestic economy of Uzbekistan. The paper highlights that after declining by 17½ percent during 1992–94, real GDP fell by only about 1 percent in 1995. The moderation in the output decline was due in part...
Persistent link: https://www.econbiz.de/10005599029
The Macedonian labor market exhibits a high unemployment rate, yet does not demonstrate obvious and large enough constraints on the demand or supply side. Considerable achievements can be made by maintaining macroeconomic stability, attracting FDI, and closing the educational gaps. The second...
Persistent link: https://www.econbiz.de/10011244331
a tightening labor market, inflation remains subdued. Employment has grown 1¼–1½ percent in 2007, on par with the …
Persistent link: https://www.econbiz.de/10011244374
This 2012 Article IV Consultation highlights that economic growth in Luxembourg slowed in 2011 amid the euro area sovereign debt crisis. Reflecting sluggish external demand, economic activity is expected to further weaken, with growth projected to decline to ½ percent in 2012. Executive...
Persistent link: https://www.econbiz.de/10011244379
€”to improve employment rates in Finland. It summarizes recent labor market developments in Finland, and investigates respectively … activate recipients, and focuses on strategies to boost youth employment rates. The paper also discusses the possibility of …
Persistent link: https://www.econbiz.de/10011244764
employment. The medium-term macroeconomic framework plan entails the involvement of both the private and public sectors. Human …
Persistent link: https://www.econbiz.de/10011244942