We estimates the affordable wage adjustment for various types of firms (by orientation and by share of labor in total cost) on the basis of reasonable estimates of price responses to the currency crisis. We conclude that, to minimize the likehood of layoffs, no more than 10 percent wage...

This paper investigates the existence, extent, and sources of the gender wage differential in the Philippines, using data from the Labor Force Survey of the third quarter of 1988. Coefficient estimates of separate wage regressions for male and female workers (using Heckman's two-step procedure...

This paper investigates the demand for adult health care in the Phiippines using a theoretical model that implies a natural interrelation between price and income. The demand function takes on a conditional/mixed logit (CLGT) form. The CLGT model is estimated using country-wide data from the...

Recently currency instability and its economic and social consequences prompt the question whether and to what extent a common currency could have served to prevent or meliorate the Asian crisis. This paper examines the advantages and costs of such a proposal, using the experience and...