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Labor Productivity versus Labor Compensation: Some Simple Arithmetic
R. Kapeliushnikov. - In: VOPROSY ECONOMIKI 3 (2014)
The paper explores the "race" between wages and labor productivity in the contemporary Russian economy. It continues …. The author shows that conventional wisdom implying that in Russia wages persistently increase at much higher annual rates …
Persistent link: https://www.econbiz.de/10011007711
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Do Wages Lead Inflation? Swiss Evidence
Zanetti, Attilio - In: Swiss Journal of Economics and Statistics (SJES) 143 (2007) I, pp. 67-92
We construct a quarterly time series for nominal hourly wages and unit labour costs from 1975 onwards and investigate … the empirical link between wages and CPI inflation in order to identify causality effects and assess the relevance of … wages as an indicator for short-run price changes. We find evidence that prices systematically influence wages whereas the …
Persistent link: https://www.econbiz.de/10005580901
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EU Membership Strengthens the Competitiveness of the Czech Republic
Malý, Jiří - In: Acta Oeconomica Pragensia 2005 (2005) 2, pp. 71-80
results, the unemployment rate did not increase, real wages grow, exchange rate of the Czech crown against the euro and USD …
Persistent link: https://www.econbiz.de/10005036391
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Do Wages Lead Inflation? Swiss Evidence
Zanetti, Attilio - In: Swiss Journal of Economics and Statistics 143 (2007) 1, pp. 67-92
We construct a quarterly time series for nominal hourly wages and unit labour costs from 1975 onwards and investigate … the empirical link between wages and CPI inflation in order to identify causality effects and assess the relevance of … wages as an indicator for short-run price changes. We find evidence that prices systematically influence wages whereas the …
Persistent link: https://www.econbiz.de/10011933151
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Wage and Public Debt Indexation
Guidotti, Pablo Emilio - International Monetary Fund (IMF) - 1992
This paper examines the relationship between the degree of wage indexation chosen by private agents and the degree of indexation of the public debt. It is shown that the government is likely to respond to an increase in the degree of wage indexation by increasing the portion of the public debt...
Persistent link: https://www.econbiz.de/10005825668
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Trade Liberalization and Wage Inequality; Evidence From India
Mishra, Prachi; Kumar, Utsav - International Monetary Fund (IMF) - 2005
-induced productivity increases at the firm level, which get passed on to industry wages. Since tariff reductions were proportionately …
Persistent link: https://www.econbiz.de/10005825907
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Economic Integration, Sectoral Diversification, and Exchange Rate Policy in a Developing Economy
Srour, Gabriel - International Monetary Fund (IMF) - 2004
The paper develops a simple three-sector model of a developing country with nominal wage rigidity, in which one sector is thought of as the primary sector and the other two are sectors in which the country can diversify. The paper then analyzes the relationship between the market structure of...
Persistent link: https://www.econbiz.de/10005825986
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The Inflation-Unemployment Trade-Off At Low Inflation
Ricci, Luca Antonio; Benigno, Pierpaolo - International Monetary Fund (IMF) - 2009
policies can play an important role in shaping the trade-off. Third, nominal wages tend to be endogenously rigid also upward …
Persistent link: https://www.econbiz.de/10005825999
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Work Absence in Europe
Bonato, Leo; Lusinyan, Lusine - International Monetary Fund (IMF) - 2004
Work absence is an important part of the individual decision on actual working hours. This paper focuses on sickness absence in Europe and develops a stylized model where absence is part of the labor-leisure decision made by workers and the production decision made by profit-maximizing firms,...
Persistent link: https://www.econbiz.de/10005826222
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Exchange Rates and Wages in an Integrated World
Spilimbergo, Antonio; Mishra, Prachi - International Monetary Fund (IMF) - 2009
We analyze how the pass-through from exchange rate to domestic wages depends on the degree of integration between … domestic wages to real exchange rate is 0.1 after a year for countries with high barriers to external labor mobility, but about …
Persistent link: https://www.econbiz.de/10005826292