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Returns to Human Capital and Investment in New Technology
Luzio, Rodolfo; Dunaway, Steven Vincent; Kaufman, … - International Monetary Fund (IMF) - 2001
This paper presents a simple framework that illustrates the link between skill-based wage differentiation and human capital acquisition given skill-biased technical progress. The analysis points to the economic costs resulting from labor market and income redistribution policies that prevent the...
Persistent link: https://www.econbiz.de/10005264106
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Globalization and Income Inequality; A European Perspective
Harjes, Thomas - International Monetary Fund (IMF) - 2007
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
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Search in the Labor Market Under Imperfectly Insurable Income Risk
Roca, Mauro - International Monetary Fund (IMF) - 2009
calibrated to the U.S. shows that market incompleteness affects individual behavior and aggregate conditions: it reduces wages …
Persistent link: https://www.econbiz.de/10008528693
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Hong Kong SAR; Meeting the Challenges of Integration with the Mainland
Lee, William; Chan-Lau, Jorge A.; Iakova, Dora M.; Papa … - International Monetary Fund (IMF) - 2004
This Occasional Paper provides an overview of the main challenges facing Hong Kong SAR as it continues to become more closely integrated with the mainland of China. Section I provides an overview of recent macroeconomic developments and the main policy issues in Hong Kong SAR. Section II...
Persistent link: https://www.econbiz.de/10005590857
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Mozambique; Recent Economic Developments
International Monetary Fund (IMF); International … - 1997
This paper reviews economic developments in the Republic of Mozambique during 1990–96. Under the Economic and Social Rehabilitation Program (ESRP), the economy has made impressive economic gains. Real GDP growth averaged 6.7 percent in 1987–95, despite the civil war, a decline in...
Persistent link: https://www.econbiz.de/10005591642
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Quantifying the Impact of Tradeon Wages; The Role of Nontraded Goods
Tokarick, Stephen - International Monetary Fund (IMF) - 2002
-related variables on wages of skilled and unskilled labor between 1982 and 1996 in the United States. The results indicate that trade … widening wage gap. Also, changes in total factor productivity had a small effect on relative wages. The major factor behind the … presents estimates of the effect of trade on wages by calculating what wage rates would be under autarky. The results show that …
Persistent link: https://www.econbiz.de/10005599575
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Price Liberalization in Russia; The Early Record
Koen, Vincent; Phillips, Steven - International Monetary Fund (IMF) - 1992
before and after the January 1992 price liberalization is analyzed here, as are the associated movements of wages and overall …
Persistent link: https://www.econbiz.de/10005605004
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Income Uncertainty and Household Savings in China
Liu, Kai; Chamon, Marcos; Prasad, Eswar - International Monetary Fund (IMF) - 2010
China’s household saving rate has increased markedly since the mid-1990s and the age-savings profile has become U-shaped. We find that rising income uncertainty and pension reforms help explain both of these phenomena. Using a panel of Chinese households covering the period 1989-2006, we...
Persistent link: https://www.econbiz.de/10008777024
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Identifying Constraints to Financial Inclusion and Their Impact on GDP and Inequality: A Structural Framework for Policy
Dabla-Norris, Era; Ji, Yan; Townsend, Robert; Unsal, D. … - International Monetary Fund (IMF) - 2015
We develop a micro-founded general equilibrium model with heterogeneous agents to identify pertinent constraints to financial inclusion. We evaluate quantitatively the policy impacts of relaxing each of these constraints separately, and in combination, on GDP and inequality. We focus on three...
Persistent link: https://www.econbiz.de/10011163128
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Mexico; Financial Sector Assessment Program Update: Technical Note: The Pension Annuity Market
International Monetary Fund (IMF); International … - 2007
This paper presents a technical note on Mexico’s Financial Sector Assessment Program update. The Mexican experience displays interesting characteristics that provide lessons for other countries that still need to design the decumulation phase of their newly established second pillars. The...
Persistent link: https://www.econbiz.de/10011244170