Showing 1 - 10 of 1,212
Blanchard (2022) highlights in his analysis of near- term inflation pressures. The amenity-values gains associated with the … compression" of wages since early 2020 (Autor and Dube, 2022) is partly explained by the same amenity-value effect, which operates …
Persistent link: https://www.econbiz.de/10014081596
regime doesn't condition the validity of PPP which is more easily accepted in countries with high than low inflation …
Persistent link: https://www.econbiz.de/10013316947
chain reactions, and provides new evidence on the long-run inflation-unemployment tradeoff in the US. It is argued that … inflation/unemployment responses to money growth shocks. SVAR (structural vector autoregression) and GMM (generalised method of … and real sides of the economy are symbiotic. In the light of the significant and robust long-run inflation …
Persistent link: https://www.econbiz.de/10013158516
This paper analyses the relation between US inflation and unemployment from the perspective of quot;frictional growth … policy has not only persistent, but permanent real effects, giving rise to a long-run inflation-unemployment tradeoff. We … the US unemployment and inflation trajectories during the nineties …
Persistent link: https://www.econbiz.de/10012776513
not efficient. Inflation is detrimental to unemployment …
Persistent link: https://www.econbiz.de/10012777086
formality or wages. To contribute to this critical policy issue, this paper presents a first global estimate of job quality …
Persistent link: https://www.econbiz.de/10014076711
What are the sources of wage growth in developing countries? In the US, general labor market experience is the key source of wage growth, with job seniority playing a smaller role. By contrast, in Indonesia, the 10-year return to seniority is 24 to 29%, which is higher than the return to...
Persistent link: https://www.econbiz.de/10013021953
As immigrants born in developing countries and their descendants represent a growing share of the working-age population in the developed world, their labour market integration constitutes a key factor for fostering economic development and social cohesion. Using a granular, matched...
Persistent link: https://www.econbiz.de/10014241091
's stock of human capital. This paper considers how markets and non-market institutions determine the quantity, wages, skills … wages. The evidence supports the existence and importance of such frictions in how teacher labor markets function. In many …; teachers on permanent and temporary contracts; and teachers in urban and rural areas. Teacher supply increases with wages …
Persistent link: https://www.econbiz.de/10012840978
This paper investigates a puzzle in the literature on labor markets in developing countries: labor legislations not only have an impact on the formal labor market but also an impact on the informal sector. It has even been argued that the impact on the informal sector in the case of the minimum...
Persistent link: https://www.econbiz.de/10012765323