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We analyze labor market models where the law of one price does not hold-that is, models with equilibrium wage dispersion. We begin by assuming workers are ex ante heterogeneous, and highlight a flaw with this approach: if search is costly, the market shuts down. We then assume workers are...
Persistent link: https://www.econbiz.de/10014400958
Search models with posting and match-specific heterogeneity generate wage dispersion. Given K values for the match-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...
Persistent link: https://www.econbiz.de/10014402407
Using Chilean data, we document that for resource-rich small open economies the effects of terms of trade shocks on the wage gap (between skilled and unskilled workers) depend on factor intensities in the non-tradable sector, following the model in Galiani, Heymann, and Magud (2010). For a...
Persistent link: https://www.econbiz.de/10014403224
comparator countries that are relatively strong performers in developing gender-responsive budgeting (Austria, Belgium, and Spain …At the request of the Italian Presidency of the G7, the IMF has prepared a paper on gender-budgeting as a contribution … to the G7 initiative on equality. The paper provides an overview of gender-responsive budgeting concepts and practices in …
Persistent link: https://www.econbiz.de/10014408683
Spain has achieved impressive growth in recent years—reflecting favorable competitiveness, and the impact on interest …
Persistent link: https://www.econbiz.de/10014402845
Spain’s economy is facing severe challenges. Financial market tensions increased sharply in the wake of the Greek …
Persistent link: https://www.econbiz.de/10014402943
Persistent link: https://www.econbiz.de/10014404605
sustainability in Spain. The first study discusses how best to ensure fiscal discipline at lower levels of government by examining … the institutional setting and mechanisms that make this task particularly challenging in Spain’s highly devolved political … with the fiscal costs of aging in Spain …
Persistent link: https://www.econbiz.de/10014404710
Spain’s 2007 Article IV Consultation underlies that immediate growth prospects are bright and the central scenario is …
Persistent link: https://www.econbiz.de/10014404744
This 2002 Article IV Consultation highlights that Spain experienced a second year of subdued growth in 2002—albeit at a … rate still well above the euro area average. This was largely owing to the relative resilience of Spain’s domestic demand …
Persistent link: https://www.econbiz.de/10014406509