example, which has severe restrictions on firing workers, has much higher long-run wage elasticities than Chile, which has no …

example, which has severe restrictions on firing workers, has much higher long-run wage elasticities than Chile, which has no …, using data from Chile, Colombia, and Mexico. They examine the benefits and limits of the Arrellano and Bond GMM in … than Chile, which has no such restrictions. Three factors make such comparisons difficult:Elasticities differ greatly …

higher than those obtained for a middle-income country (e.g. Chile) for both men and women, which suggests higher labor … market frictions in middle-income countries. The main difference between USA and Chile comes from the low labor supply …