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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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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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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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Wage Moderation in France
Estevão, Marcello M.; Nargis, Nigar - International Monetary Fund (IMF) - 2002
large between 1996 and 2000 and undoubtedly contributed strongly to the exceptional employment performance during that …
Persistent link: https://www.econbiz.de/10005768837
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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 value of a realized match. From this perspective, this paper presents an econometric analysis of the influence of labor market flows on wage formation as an alternative to the...
Persistent link: https://www.econbiz.de/10005604781
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To Fire or to Hoard? Explaining Japan’s Labor Market Response in the Great Recession
Steinberg, Chad; Nakane, Masato - International Monetary Fund (IMF) - 2011
the global financial crisis. Our findings suggest that: (i) employment responsiveness has been historically low but rising … historical patterns once we control for the size of the output shock; and (iii) the comparatively lower employment response vis …-à-vis other countries can in part be explained by the quick implementation of an employment subsidy program, a more flexible wage …
Persistent link: https://www.econbiz.de/10008839361
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Wage-Price Setting in New EU Member States
Goretti, Manuela - International Monetary Fund (IMF) - 2008
This paper analyzes wage- and price-setting relations in new EU member countries. Panel estimates indicate a strong and 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...
Persistent link: https://www.econbiz.de/10005605266
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Rwanda; Poverty Reduction Strategy Paper-Joint Staff Advisory Note
International Monetary Fund (IMF); International … - 2008
improve policy implementation and coordination across sectors. There has been rapid growth in the non-farm paid employment …
Persistent link: https://www.econbiz.de/10011244844
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Bangladesh; Poverty Reduction Strategy Paper
International Monetary Fund (IMF); International … - 2013
employment. The medium-term macroeconomic framework plan entails the involvement of both the private and public sectors. Human …
Persistent link: https://www.econbiz.de/10011244942
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Republic of Estonia; 2013 Article IV Consultation
International Monetary Fund (IMF); International … - 2013
Estonia has succeeded in reducing its macroeconomic imbalances and vulnerabilities, but faces the challenge of preserving its hard-earned fiscal and financial stability and enhancing long-term growth prospects. In this regard, adopting a fully fledged medium-term fiscal framework can help assess...
Persistent link: https://www.econbiz.de/10011245026