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. The effects were predominantly associated with a broad measure of PP that included bonuses. However, these effects were …
Persistent link: https://www.econbiz.de/10011266094
of bonus payments in the 2000s. We decompose the share of the total wage bill accounted for by bonuses into the shares of … base pay within the PRP sector. We show that there was some growth in the share of total pay accounted for by bonuses in …, the movements in the gearing of bonuses to base pay in the economy at large are heavily influenced by changes in the …
Persistent link: https://www.econbiz.de/10011126062
we focus on annual earnings as opposed to weekly wages (where most work has concentrated). This is because annual wages … include bonuses. By the end of the decade to 2008, the top tenth of earners received £20bn more purely due to the increase in …
Persistent link: https://www.econbiz.de/10011071347
This paper studies the dynamics of labour demand and the determinants of employment rates across the OECD. We find: (i) labour demand adjusts less rapidly when employment protection is more strict and union density is higher; (ii) there is no evidence that overall job turnover is influenced by...
Persistent link: https://www.econbiz.de/10010884729
This paper presents a technical note on Mexico’s Financial Sector Assessment Program update. The Mexican experience displays interesting characteristics that provide lessons for other countries that still need to design the decumulation phase of their newly established second pillars. The...
Persistent link: https://www.econbiz.de/10011244170
Persistent link: https://www.econbiz.de/10011244432
This 2007 Article IV Consultation highlights that Tonga’s real GDP growth is estimated to turn negative in FY06/07, declining by 3½ percent. The economy will continue to be subject to uncertainty and shocks. While economic growth should return to positive, albeit low, levels in the...
Persistent link: https://www.econbiz.de/10011244772
This 2013 Article IV Consultation highlights that The Zambian economy has performed well in recent years, with strong growth and modest inflation, and has high growth potential. The government has resolved to step up development by scaling up investment in infrastructure. The current fiscal...
Persistent link: https://www.econbiz.de/10011245052
This Selected Issues paper for the Russian Federation discusses existing empirical efforts to measure the determinants of cross-country financial integration. Empirical studies that have adopted the gravity-model framework have found that it is generally successful in explaining bilateral...
Persistent link: https://www.econbiz.de/10011245351
of gross monthly wages. It analyzes that a comparatively high share of Austria’s family benefits is monetary rather …
Persistent link: https://www.econbiz.de/10011245579