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This paper examines issues raised by the evolution of a rapidly growing small open economy—Singapore—from a labor-intensive, low-technology production base to a capital-intensive, high-technology, knowledge-and-skill-intensive emphasis as it approached the limits of its resource constraints...
Persistent link: https://www.econbiz.de/10014396069
-related variables on wages of skilled and unskilled labor between 1982 and 1996 in the United States. The results indicate that trade … widening wage gap. Also, changes in total factor productivity had a small effect on relative wages. The major factor behind the … presents estimates of the effect of trade on wages by calculating what wage rates would be under autarky. The results show that …
Persistent link: https://www.econbiz.de/10014399550
This paper addresses two questions. First, under what circumstances will a centralized wage-bargaining system offer higher output and employment than a decentralized system? Second, what is the relationship between the degree of wage centralization and inflation? The paper argues that...
Persistent link: https://www.econbiz.de/10014399569
aggregate demand shocks. Wage flexibility in response to energy price shocks guarantees workers higher real wages without …
Persistent link: https://www.econbiz.de/10014399867
real cash balances on impact and exerts an expansionary effect on output, despite an increase in real wages …
Persistent link: https://www.econbiz.de/10014399972
This paper assesses whether the scaling up of aid and the resulting increase in government spending that is needed to meet the Millennium Development Goals (MDGs) would be hampered by wage bill ceilings that are often part of government programs supported by the IMF''s Poverty Reduction and...
Persistent link: https://www.econbiz.de/10014399993
In flow models of the labor market, wages are determined by negotiations between workers and employers on the surplus …
Persistent link: https://www.econbiz.de/10014401436
increases in employment and output rather than only in wages; and (2) even though the domestic saving rate is high, foreign … wages are sustained by a large reserve army of rural labor which drives internal migration, and (2) domestic capital is …
Persistent link: https://www.econbiz.de/10014401525
Using household level data for France from 1990 to 2000, we estimate a relationship between wages and unemployment …
Persistent link: https://www.econbiz.de/10014401648
Government wage, benefit, and employment decisions are not taken on a profit-maximizing basis and have a substantial …, an increase in government wages or benefits reduces private sector employment, and government employment is not an …
Persistent link: https://www.econbiz.de/10014403794