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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
The 2007 Global Monitoring Report on the Millennium Development Goals (MDGs) assesses the contributions of developing countries, developed countries, and international financial institutions toward meeting universally agreed development commitments. Fourth in a series of annual reports leading...
Persistent link: https://www.econbiz.de/10014403104
This 2006 Article IV Consultation highlights that a broad-based economic upturn is under way in Sweden, spurred by …
Persistent link: https://www.econbiz.de/10014405925
In Sweden, the authorities have indicated that their medium-term fiscal strategy is based on restraining expenditures …
Persistent link: https://www.econbiz.de/10014410949
This Selected Issues paper on Sweden analyzes possible adjustments to the fiscal framework that the authorities may … wish to consider. The paper starts with a brief description of Sweden’s fiscal framework, followed by an assessment of the … framework’s strengths and weaknesses. The scope for stabilization policy in Sweden is analyzed. The paper describes the …
Persistent link: https://www.econbiz.de/10014406368
weakness led to slower growth of Sweden in 2001. Private consumption stagnated despite rising disposable income, owing to …
Persistent link: https://www.econbiz.de/10014406369
This Selected Issues paper on Sweden reviews economic developments in Sweden during 1994–98. In 1994, the general …
Persistent link: https://www.econbiz.de/10014397274
This paper discusses key findings of the Detailed Assessment of Observance of Standards and Codes in Sweden. The … assessment reveals that the laws and regulations on banking activities and their supervision are in place in Sweden. The …
Persistent link: https://www.econbiz.de/10014403445