Constitution tended to have smaller drops in wage responsiveness to macroeconomic conditions, thus suggesting that informality …

The paper looks at the dynamics of employment in South Africa and examines the factors that contributed to the job …-shedding observed during the recent financial crisis. The paper finds that the rapid growth of the real wage, which outpaced the labor … productivity growth in most sectors, played an important role in suppressing employment creation. The paper also finds that while …

felt in all advanced economies. Reforms aimed at increasing productivity in services and reducing gaps in employment …

most likely because of a structural change in workers' behavior, i.e. "wage moderation". The outward shift was particularly … large between 1996 and 2000 and undoubtedly contributed strongly to the exceptional employment performance during that …

This paper uses micro data from the German Socio-Economic Panel to document that the wage structure in West Germany was … remarkably stable during 1984-97, with little variation over time in wage or earnings inequality between and within different … sharp declines in employment rates for unskilled workers. The microeconomic evidence is shown to have important implications …

market flows on wage formation as an alternative to the traditional specification of wage equations in which unemployment … represents Phillipscurve or wage-curve effects. The paper estimates a dynamic wage equation for the Netherlands using a … both short-run and long-run wage setting. …

benefits of wage moderation. By isolating structural from cyclical factors in a panel of industrial countries, I show that … structurally slower real wage growth, that is, "wage moderation," does raise output growth and lower unemployment rates. However, I … entry mute the growth effects of structural real wage changes by allowing incumbent firms to appropriate larger rents. In …

relatively fast employment growth in the past decade. Employment growth was not sufficient to reduce unemployment because of … rapid population growth and increased labor force participation. This paper shows that Philippine employment growth and … wage. The key policy implications are that higher economic growth and moderation of increases in the real minimum wage are …