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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
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 … the G7 countries. It summarizes recent trends in gender equality in G7 and advanced countries, noting that while equality …
Persistent link: https://www.econbiz.de/10014408683
This paper highlights that central banks from Brazil, Chile, Colombia, Mexico, and Peru (the LA5 countries) reaped the …
Persistent link: https://www.econbiz.de/10014402930
This report provides an assessment of fiscal transparency practices in Brazil. The authorities have completed the … transparency in Brazil is presented. Brazil uses very comprehensive fiscal definitions …
Persistent link: https://www.econbiz.de/10014407224
This paper analyzes several issues regarding fiscal sustainability and fiscal adjustment in Brazil during 1990 and …
Persistent link: https://www.econbiz.de/10014399396
immediately preceding the recent “heterodox” attempts at stabilization in Argentina, Brazil, and Israel. An attempt is made to …
Persistent link: https://www.econbiz.de/10014396235
This paper discusses the behavior of futures prices for foreign exchange in Brazil during a period of high inflation …
Persistent link: https://www.econbiz.de/10014398432
This paper describes major economic developments in Brazil in 1997. A number of issues were analyzed in the paper …
Persistent link: https://www.econbiz.de/10014398539