Showing 1 - 8 of 8
methodology is applied to Polish micro data. The estimates confirm that wages are less elastic in a high … wages, and thus, on the labor market and the real economy, were limited until 1998, but have been quite significant …
Persistent link: https://www.econbiz.de/10005248228
-specific variable, it is known that there are K reservation wages that could be posted, but generically never more than two actually are … posted in equilibrium. What is unknown is when we get two wages, and which wages are actually posted. For an example with K … combination of posted reservation wages, depending on parameters. We also show how wages, profits, and unemployment depend on …
Persistent link: https://www.econbiz.de/10005263884
We study the impact of a minimum wage on business cycle volatility, depending upon its coverage and adjustment mechanism. As with other small open economies, Hong Kong SAR is vulnerable to external shocks, with its exchange rate regime precluding active monetary policy. Adjustment to past shocks...
Persistent link: https://www.econbiz.de/10005263930
This paper analyses economic implications and the transmission mechanisms of different options for creating and using fiscal space. For creating fiscal space, we consider prioritizing expenditures, raising revenue, and scaled-up aid. Fiscal space is used for increasing health and education...
Persistent link: https://www.econbiz.de/10008540936
In flow models of the labor market, wages are determined by negotiations between workers and employers on the surplus …
Persistent link: https://www.econbiz.de/10014401436
We study the determinants of employment and wages in the public sector, using a new set of panel data for 34 LDCs and … countries and private employment for OECD countries). Certain measures of government wages are positively associated with …
Persistent link: https://www.econbiz.de/10014398143
The growth rate of real hourly wages in France has fallen below the trend growth rate of total factor productivity. The …. Microeconometric estimations provide evidence of an outward shift in the relationship between wages and unemployment that is …
Persistent link: https://www.econbiz.de/10014407413
developing countries been responsible for thelowered wages of the unskilled, increased unemployment, and widenedincome inequality …
Persistent link: https://www.econbiz.de/10015058164