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Dissecting saving dynamics : measuring wealth, precautionary, and credit effects
Carroll, Chris; Slacalek, Jirka; Sommer, Martin - 2012
We argue that the U.S. personal saving rate's long stability (from the 1960s through the early 1980s), subsequent steady decline (1980s - 2007), and recent substantial increase (2008 - 2011) can all be interpreted using a parsimonious 'buffer stock' model of optimal consumption in the presence...
Persistent link: https://www.econbiz.de/10009622528
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A Real Model of Transitional Growth and Competitiveness in China
Lipschitz, Leslie - 2008
increases in employment and output rather than only in wages; and (2) even though the domestic saving rate is high, foreign …
Persistent link: https://www.econbiz.de/10012677576
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Impact of Trade on Wages : What If Countries Are Not Small?
Saito, Mika - 2006
Persistent link: https://www.econbiz.de/10012691056
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Public-Private Wage Differentials and Interactions Across Countries and Time
Abdallah, Chadi - 2023
We compile a novel database on average public and private sector wages and public-private wage differentials, which we … counter-cyclically, increasing during economic downturns, and increases prior to elections. Both private sector wages and … inflation respond positively to changes in public wages, albeit with significant heterogeneity in the effects across countries …
Persistent link: https://www.econbiz.de/10015059582
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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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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