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Self-Selection And Earnings During Volatile Transition

Dimova, Ralitza; Gang, Ira N. - 2004

Using Bulgarian Integrated Household Surveys for 1995, 1997 and 2001 this paper explores determinants of labor force status – not working, public sector employment, private sector employment and self-employment – and earnings for each of the three employment sectors. We find that while...

Persistent link: https://www.econbiz.de/10010263229

How does private foreign borrowing affect the risk of sovereign default in developing countries?

Celasun, Oya; Harms, Philipp - 2007

We argue that increased foreign borrowing by the private sector reduces the risk that a developing country's government defaults on its foreign debt. We present a simple model in which private foreign borrowing reflects a surge of private entrepreneurship. A larger "entrepreneurial class" raises...

Persistent link: https://www.econbiz.de/10011430065

Displacement, asymmetric information and heterogeneous human capital

Hu, Luojia; Taber, Christopher - 2008

In a seminal paper Gibbons and Katz (1991; GK) develop and empirically test an asymmetric information model of the labor market. The model predicts that wage losses following displacement should be larger for layouts than for plant closings, which was borne out by data from the Displaced Workers...

Persistent link: https://www.econbiz.de/10010292119

Inflation and Labor Market Flexibility: The Squeaky Wheel Gets the Grease

Loboguerrero, Ana Maria; Panizza, Ugo - 2003

Inflation can "grease" the wheels of the labor market by relaxing downward wage rigidity but it can also increase uncertainty and have a negative "sand" effect. This paper studies the grease effect of inflation by looking at whether the interaction between inflation and labor market regulations...

Persistent link: https://www.econbiz.de/10010327053

How do crises affect schooling decisions? Evidence from changing labor market opportunities and a policy experiment

López Bóo, Florencia - 2008

This paper examines the effect of labor market opportunities on schoolingemployment decisions in 12 urban areas in Argentina over 12 years, emphasizing the recession/crisis years 1998-2002. Over 'typical' years deteriorating job rates increase the probability of attending school and decrease the...

Persistent link: https://www.econbiz.de/10010278225

Thick-Market Effects and Churning in the Labor Market: Evidence from U.S. Cities

Bleakley, C. Hoyt; Lin, Jeffrey - 2006

Persistent link: https://www.econbiz.de/10013342488

Can capital-skill complementarity explain the rising skill premium in developing countries? Evidence from Peru

Mazumdar, Joy; Quispe-Agnoli, Myriam - 2004

The factors behind the increase in the relative wages of skilled workers in developing countries are still not well understood. The authors use data from Peru to analyze the determinants of within-industry share of skilled workers. They use a translog cost function for gross output and are...

Persistent link: https://www.econbiz.de/10010397628

Labour market dynamics in Australia: What drives unemployment

Karanassou, Marika; Sala, Hector - 2009

The debate in Australia on the (constant-output) elasticity of labour demand with respect to wages has wrongly sidelined the role of capital stock as a determinant of employment (Webster, 2003). As far back as 1991, Pissarides had argued that the influence of capital stock on the performance of...

Persistent link: https://www.econbiz.de/10010280778

Bilateral Exchange Rates and Jobs

Bekkers, Eddy; Francois, Joseph - 2012

We study the labor market effects of bilateral exchange rate realignment. We place emphasis on the composition of trade, the role of intermediates, and the underlying conditions of the labor market. Employment effects hinge on the fraction exported to and imported from the trading partner. A...

Persistent link: https://www.econbiz.de/10010294878

China's exchange rate impasse and the weak U.S. dollar

McKinnon, Ronald; Schnabl, Gunther - 2008

policies. Although seemingly narrowly focused on China, our contribution to Alexander's fete straddles both themes. Since 2004 …, China has been backed into a situation where the renminbi is expected to go ever higher against the dollar, and this one … resulting monetary explosion in China contributes to the worldwide increase in primary commodity prices - with excess liquidity …

Persistent link: https://www.econbiz.de/10010304732