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The economy is rebounding. After a 6 percent drop in 2020, real GDP is projected to grow at 4 percent both in 2021 and 2022, reflecting improved mobility, a return of the diaspora, and continued policy support. With uncertainty remaining high, including about the course of the pandemic, policies...
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This paper examines the set of interdependences between the formation of wages, prices and the minimum wage (SMIC …. Two periods are distinguished: the period of inflation rise from 1970 to 1981, which coincides with an important squeeze … persistent in real terms and relatively to the other salaries and have always as little inflationary impact on wages as on prices …
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This study investigates the effects of Federal minimum wage policy on mini-mum wage employment, aggregate employment, and average wage rates. The theoretical analysis focuses on the possible effect of the Federal minimum wage in constraining wages and employment in a subset of labor markets, on...
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