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This paper uses survey data from Iceland on 884 firms to test for the theory of customer markets proposed by Phelps and Winter (1970) and Okun (1981). The results provide support for the customer market theory in that managers agree that customers are valuable to firms - they rank them second...
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We explore wage flexibility in a developing country and compare our results to what has been found in similar studies using European data. In particular, we conduct a survey of 1189 firms in Pakistan to analyze the determinants of wage rigidity. We find that the existence of competitive wages...
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We contribute to the growing literature on the empirical evidence for wage rigidity using structured interviews for Pakistan. The novelty of the study consists of using data from a developing country which provides the basis for a comparison with studies performed in the developed countries. Our...
Persistent link: https://www.econbiz.de/10010633101
A worker's performance may vary over time for reasons that have nothing to do with his inherent abilities, motivation, background and education. For example, over time the nature of a firm's business may change to reduce the degree of match between the human capital of the worker and the needs...
Persistent link: https://www.econbiz.de/10012727141
We adjust current account surpluses and deficits of 57 countries in the period 2005-2009 for differences in the age structure of their populations and find that these differences can account for a significant part of the variation in the data. Among the large countries we find that the...
Persistent link: https://www.econbiz.de/10010886264
We adjust current account surpluses and deficits of 57 countries in the period 2005–2009 for differences in the age structure of their populations and find that these differences can account for a significant part of the variation in the data. Among the large countries we find that the...
Persistent link: https://www.econbiz.de/10010906379