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institutional changes introduced by the 1988 Constitution lowered the sensitivity of real wages to changes in labor market slack and …
Persistent link: https://www.econbiz.de/10011242295
Labor productivity levels in Bulgaria lag well behind that in the EU, weighing on the convergence process. Stronger productivity growth would allow Bulgaria to close the income gap with the EU average more quickly and to alleviate the structural problems in its labor market, reflected in its...
Persistent link: https://www.econbiz.de/10011242306
moderation. The paper identifies structural shifts in the relationship between wages and unemployment rates—a “wage curve⠅
Persistent link: https://www.econbiz.de/10005591480
Using household level data for France from 1990 to 2000, we estimate a relationship between wages and unemployment …
Persistent link: https://www.econbiz.de/10005768837
Labor markets around the world have become increasingly integrated over the last two decades, with the entry of China, India and the former Eastern bloc into the world trading system, the removal of restrictions on trade and capital flows, and rapid technological progress. At the same time, the...
Persistent link: https://www.econbiz.de/10005768889
There is growing concern in Europe over the impact of globalization on high and evenly shared living standards. These concerns have often surfaced in response to falling labor income shares in aggregate national income data. However, these data may tell little about the underlying distribution...
Persistent link: https://www.econbiz.de/10005769241
forces. The rigidity of relative wages, despite relative shifts in labor demand that favor skilled workers, has resulted in …
Persistent link: https://www.econbiz.de/10005599346
Using a search and matching labor market equilibrium model, this paper quantifies lost labor productivity and consumption per worker that emerges from the restrictions on dismissals. Dismissal restrictions hamper the efficient reallocation of workers, with workers remaining longer in jobs. But...
Persistent link: https://www.econbiz.de/10005604782
Euro-area real wages have decelerated sharply in the last 20 years, but this has not yet translated into visibly lower …
Persistent link: https://www.econbiz.de/10005605144
significant relationship between real wages and labor productivity, as well as evidence of wage pass-through to inflation. Terms … of trade shocks do not feed through to real wages. Country-specific wage developments, beyond differences in labor …
Persistent link: https://www.econbiz.de/10005605266