Showing 1 - 10 of 639
This paper empirically examines the effect on wages in Mexico of Mexican emigration to the United States, using data … and positive effect on Mexican wages. There is also evidence for increasing wage inequality in Mexico due to emigration …. Simple welfare calculations based on a labor demand-supply framework suggest that the aggregate welfare loss to Mexico due to …
Persistent link: https://www.econbiz.de/10014400533
This paper finds convergence of real per capita GDP in Mexico’s states and regions during the period of higher average …
Persistent link: https://www.econbiz.de/10014395893
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
Brazil and Mexico. Using vector error-correction models, we find that the U.S. 10-year bond yield was a key driver of long … in Mexico. Our counterfactual analysis suggests that yields in both countries temporarily overshot the values predicted …
Persistent link: https://www.econbiz.de/10011716709
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 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
reinforced and complemented at the micro-economic level. Lower regional unemployment puts an upward pressure on wages of … individuals, although this effect has become weaker since 2008. But there is downward pressure on wages for individuals with …
Persistent link: https://www.econbiz.de/10011866490
Nominal wage growth in most advanced economies remains markedly lower than it was before the Great Recession of 2008-09. This paper finds that the bulk of the wage slowdown is accounted for by labor market slack, inflation expectations, and trend productivity growth. In particular, there appears...
Persistent link: https://www.econbiz.de/10011932563
-15 Current Population Survey, I find that the drawn-out cyclical labor market repair-likely owing to low entry wages of new … workers-slowed down real wage growth. There are, however, also signs of structural changes in the labor market affecting wages …
Persistent link: https://www.econbiz.de/10011711569
This paper investigates the sensitivity of sectoral employment and wages in the United States to changes in foreign … and wage levels. This paper estimates the impact of changes in both import and export prices on employment and wages in … most sectors, changes in trade prices do not have significant effects on employment and wages, although they generally have …
Persistent link: https://www.econbiz.de/10014401271