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increases in employment and output rather than only in wages; and (2) even though the domestic saving rate is high, foreign … wages are sustained by a large reserve army of rural labor which drives internal migration, and (2) domestic capital is …
Persistent link: https://www.econbiz.de/10014401525
This paper examines issues raised by the evolution of a rapidly growing small open economy—Singapore—from a labor-intensive, low-technology production base to a capital-intensive, high-technology, knowledge-and-skill-intensive emphasis as it approached the limits of its resource constraints...
Persistent link: https://www.econbiz.de/10014396069
advanced Europe, where wages are more closely related to inflation and inflation expectations in the short run, implying …
Persistent link: https://www.econbiz.de/10012102142
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
The paper uses a large survey (GSOEP) to analyze the labor market performance of immigrants in Germany. It finds that new immigrant workers earn on average 20 percent less than native workers with otherwise identical characteristics. The gap is smaller for immigrants from advanced countries,...
Persistent link: https://www.econbiz.de/10011436800
, period, and cohort effects for the likelihood of employment in different occupations and the wages earned therein over 2001 … relative to high-paying abstract jobs. However, cohort effects also underpin falling wages for post-1980 cohorts across all …
Persistent link: https://www.econbiz.de/10013170024
Lagging labor reallocations outside agriculture amid sustained low agricultural productivity have been a key feature in the Philippines over the past 15 years. An analysis of the labor adjustments in and out of agriculture shows that a variety of factors have influenced this process. We find...
Persistent link: https://www.econbiz.de/10012796816
This paper examines the impact of trade on employment, wages, and other outcomes across countries and explores the … firm-level dataset to examine the impact of import competition on employment, wages, and firm performance, as well as the … wages, investment, and firm profitability. Country characteristics, such as educational attainment, can also improve …
Persistent link: https://www.econbiz.de/10012605685
The paper assesses the price and wage flexibility in Hong Kong SAR. At the aggregate level, it compares Hong Kong SAR with the United States, the United Kingdom and Singapore by examining the three commonly used macroeconomic relationships among inflation, unemployment, wage growth, and output...
Persistent link: https://www.econbiz.de/10011716450
in the probability of being employed within each occupation type and wages earned therein. Cohort plots and econometric … particularly significant for low-skill women: estimated cohort effects point to a fall in wages within each occupation as well as a …
Persistent link: https://www.econbiz.de/10012112127