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Cost of Living Adjustment and Business Cycles; Disaggregated Evidence

Kandil, Magda E. - International Monetary Fund (IMF) - 2000

For a sample of US industries, nominal wage and price inflation follow aggregate price inflation closely during economic expansions. Hence, fluctuations in profit markup and real output are moderate in the face of expansionary demand shocks. During recessions, however, industrial nominal wage...

Persistent link: https://www.econbiz.de/10005599427

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

The Costs and Benefits of Various Wage Bargaining Structures; An Empirical Exploration

Thomas, Alun H. - International Monetary Fund (IMF) - 2002

externalities. This paper uses OECD data to distinguish these effects. While wages have become more sensitive to changes in the …

Persistent link: https://www.econbiz.de/10005599636

Centralized Bargaining, Efficiency Wages, and Flexibility

Ramaswamy, Ramana; Rowthorn, Bob - International Monetary Fund (IMF) - 1993

The main focus of the “wage bargaining” literature has been on the factors promoting real wage flexibility at the macro level. This paper, in contrast, examines the microeconomic issues of wage bargaining. More specifically, this paper appraises the following questions: (a) what are the...

Persistent link: https://www.econbiz.de/10005599701

Wage Gaps and Development; Lessons From U.S. History

Mourmouras, Alex; Rangazas, Peter - International Monetary Fund (IMF) - 2007

During the course of development, wages and labor productivity are much higher in the nonfarm sectors of the economy … institution that contributes to differences in wages and labor productivity. Income from farm ownership compensates farm workers … for the relatively low labor productivity and wages earned in agriculture. Farm ownership, along with the higher cost of …

Persistent link: https://www.econbiz.de/10005599726

Are Immigrant Remittance Flows a Source of Capital for Development

Jahjah, Samir; Chami, Ralph; Fullenkamp, Connel - International Monetary Fund (IMF) - 2003

The role of remittances in development and economic growth is not well understood. This is partly because the literatures on the causes and effects of remittances remain separate. We develop a framework that links the motivation for remittances with their effect on economic activity. Because...

Persistent link: https://www.econbiz.de/10005599738

A Cointegration Model for Search Equilibrium Wage Formation

International Monetary Fund (IMF); International … - 2004

In flow models of the labor market, wages are determined by negotiations between workers and employers on the surplus …

Persistent link: https://www.econbiz.de/10005604781

Job-Specific Investment and the Cost of Dismissal Restrictions; The Case of Portugal

Takizawa, H. - International Monetary Fund (IMF) - 2003

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

What Transparency Can Do When Incentives Fail; An Analysis of Rent Capture

Paul, Elisabeth; Dabla-Norris, Era - International Monetary Fund (IMF) - 2006

This paper analyzes the pervasiveness and persistence of rent seeking, misgovernance, and public sector inefficiency in many developing and transition economies. We formalize evidence from country experiences and empirical studies into a stylized analytical framework that reflects realistic...

Persistent link: https://www.econbiz.de/10005604851

Aid Scaling Up; Do Wage Bill Ceilings Stand in the Way?

Fedelino, Annalisa; Schwartz, Gerd; Verhoeven, Marijn - International Monetary Fund (IMF) - 2006

This paper assesses whether the scaling up of aid and the resulting increase in government spending that is needed to meet the Millennium Development Goals (MDGs) would be hampered by wage bill ceilings that are often part of government programs supported by the IMF's Poverty Reduction and...

Persistent link: https://www.econbiz.de/10005604920