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International Monetary Fund - 2005

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

Equilibrium Wage Dispersion : An Example

International Monetary Fund - 2006

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

A Noteon Terms of Trade Shocks and the Wage Gap

International Monetary Fund - 2010

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

Wage Compression, Employment Restrictions and Unemployment : The Case of Mauritius

International Monetary Fund - 2004

Governments often intervene in labor markets with the aim of reducing inequality and promoting employment. Such intervention often results in wage compression and restrictions on how firms use their workers. This paper investigates the impact of such interventions on the labor market conditions...

Persistent link: https://www.econbiz.de/10014404032

Gender Budgeting in G7 Countries

International Monetary Fund - 2017

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

Switzerland : Selected Issues and Statistical Appendix

International Monetary Fund - 2000

The Swiss banking system is characterized by a two-tier structure. The first tier is composed of the two large banks and some smaller banks focused on private banking, all of which have a significant international presence. These banks represent, so to speak, the “international face” of the...

Persistent link: https://www.econbiz.de/10014402196

Switzerland : Financial System Stability Assessment Update

International Monetary Fund - 2007

This technical note presents an update to the Financial System Stability Assessment (FSSA) on Switzerland. It reveals …

Persistent link: https://www.econbiz.de/10014403123

Switzerland : 2010 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; Statement by the Executive Director for Switzerland, and Info...

International Monetary Fund - 2010

Switzerland was hard hit by the global crisis; however, the 1.5 percent contraction in 2009 compares favorably with …

Persistent link: https://www.econbiz.de/10014403260

Switzerland : Staff Report for the 1999 Article IV Consultation

International Monetary Fund - 2000

For the past quarter century, Switzerland’s real per capita growth rate has been substantially slower than in most … 1997 peak of more than 5 percent. Inflation has edged up from exceptionally low levels. Switzerland’s longstanding current …

Persistent link: https://www.econbiz.de/10014403487

Switzerland : 2007 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Switzerland

International Monetary Fund - 2007

This 2007 Article IV Consultation highlights that Switzerland’s economy is performing well. The expansion moved into …

Persistent link: https://www.econbiz.de/10014404562