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Minimum Wages and Firm Employment: Evidence from China
Huang, Yi; Loungani, Prakash; Wang, Gewei - International Monetary Fund (IMF) - 2014
This paper provides the first systematic study of how minimum wage policies in China affect firm employment over the … impact on employment, with an estimated elasticity of -0.1. Furthermore, we find a heterogeneous effect of the minimum wage … on employment which depends on the firm's wage level. Specifically, the minimum wage has a greater negative impact on …
Persistent link: https://www.econbiz.de/10011123849
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Uncertainty and the Employment Dynamics of Small and Large Businesses
Ghosal, Vivek; Ye, Yang - International Monetary Fund (IMF) - 2015
We examine the impact of uncertainty on employment dynamics. Alternative measures of uncertainty are constructed based … price index, and fuel prices. Our results indicate that greater uncertainty has a negative impact on growth of employment …-existent or weaker. Our results suggest that to truly understand the effects of uncertainty on employment dynamics, we need to …
Persistent link: https://www.econbiz.de/10011123865
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Wage Flexibility in Turbulent Times; A Practitioner's Guide
International Monetary Fund (IMF); International … - 2005
This paper reviews several methods to measure wage flexibility, and their suitability for evaluating the extent of such flexibility during times of structural change, when wage distributions and wage curves can be particularly volatile. The paper uses nonparametric estimation to capture possible...
Persistent link: https://www.econbiz.de/10005248228
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Why Has Unemployment in Algeria Been Higher Than in Mena and Transition Countries
Kpodar, Kangni - International Monetary Fund (IMF) - 2007
This paper analyzes the determinants of labor market performance in Algeria. When the model is estimated with panel data on a sample of MENA and transition countries for 1995- 2005, the results suggest that lower growth in labor productivity in Algeria is associated with higher unemployment than...
Persistent link: https://www.econbiz.de/10005248294
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Physical Capital Adjustment within Spain; Long-Run and Short-Run Analysis
Spilimbergo, Antonio; Mauro, Paolo - International Monetary Fund (IMF) - 2001
return. In the short run, an adverse shock to a region results in a sharp drop in employment and a gradual decline of … physical capital; the system returns to its initial capital/labor ratio after four years. The sharp drop in employment is …’s employment. …
Persistent link: https://www.econbiz.de/10005263773
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Reconciling Stability and Growth; Smart Pacts and Structural Reforms
Beetsma, Roel M. W. J.; Debrun, Xavier - International Monetary Fund (IMF) - 2003
This paper analyzes the decision of a government facing electoral uncertainty to implement structural reforms in the presence of fiscal restraints similar to the Stability and Growth Pact. The model shows that a pact may harm structural reforms, sacrificing future growth for present stability....
Persistent link: https://www.econbiz.de/10005263795
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Equilibrium Wage Dispersion; An Example
International Monetary Fund (IMF); International … - 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/10005263884
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Canadian Firm and Job Dynamics
Balakrishnan, Ravi - International Monetary Fund (IMF) - 2008
To understand better Canada's smooth reallocation of labor in response to the recent commodity price boom, but seemingly poor productivity performance, this paper examines job and firm dynamics in Canada relative to the United States. Overall, it finds that while Canada's labor market efficiency...
Persistent link: https://www.econbiz.de/10005263929
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The Impact of Tax and Welfare Policieson Employment and Unemployment in OECD Countries
Disney, Richard - International Monetary Fund (IMF) - 2000
employment, unemployment, and economic growth in OECD countries. The paper examines a number of facets of tax and welfare policy …
Persistent link: https://www.econbiz.de/10005263942
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Mind the Gap; Is Economic Growth in India Leaving Some States Behind?
Purfield, Catriona - International Monetary Fund (IMF) - 2006
This paper examines how growth has varied across India's states. It finds that (i) the income gap between rich and poor states has widened; (ii) rich and faster-growing states have been more effective in reducing poverty; (iii) poor and slower-growing states have had little success in generating...
Persistent link: https://www.econbiz.de/10005263944