Efficiency Wages and Labor Mobility in an Open Economy - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Efficiency Wages and Labor Mobility in an Open Economy write by Pierre-Richard Agénor. This book was released on 1993-10-01. Efficiency Wages and Labor Mobility in an Open Economy available in PDF, EPUB and Kindle. The paper analyzes the role of labor market segmentation and relative wage rigidity in the transmission process of macroeconomic shocks in a two-sector optimizing model of a small open economy. The analysis is first conducted in the context of perfect intersectoral labor mobility. The discussion is then extended to consider the existence of short-run constraints on labor movements. The results highlight the role of efficiency considerations in the behavior of sectoral wages. A deflationary policy induces a reallocation of labor across sectors, but has no long-run effect on the unemployment rate.
Efficiency Wages and Labor Mobility in an Open Economy
Efficiency Wages and Labor Mobility in an Open Economy - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Efficiency Wages and Labor Mobility in an Open Economy write by Pierre-Richard Agenor. This book was released on 2006. Efficiency Wages and Labor Mobility in an Open Economy available in PDF, EPUB and Kindle. The paper analyzes the role of labor market segmentation and relative wage rigidity in the transmission process of macroeconomic shocks in a two-sector optimizing model of a small open economy. The analysis is first conducted in the context of perfect intersectoral labor mobility. The discussion is then extended to consider the existence of short-run constraints on labor movements. The results highlight the role of efficiency considerations in the behavior of sectoral wages. A deflationary policy induces a reallocation of labor across sectors, but has no long-run effect on the unemployment rate.
Efficiency wages and labor mobility in an open economy
Efficiency wages and labor mobility in an open economy - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Efficiency wages and labor mobility in an open economy write by Fondo Monetario Internacional. This book was released on 1993. Efficiency wages and labor mobility in an open economy available in PDF, EPUB and Kindle.
Macroeconomic Adjustment with Segmented Labor Markets
Macroeconomic Adjustment with Segmented Labor Markets - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Macroeconomic Adjustment with Segmented Labor Markets write by Pierre-Richard Agénor. This book was released on 1994-05-01. Macroeconomic Adjustment with Segmented Labor Markets available in PDF, EPUB and Kindle. This paper analyzes the macroeconomic effects of fiscal and labor market policies in developing countries. The basic framework considers a small open economy with a large informal production sector and a heterogeneous work force. The labor market is segmented as a result of efficiency considerations and minimum wage laws. The basic model is then extended to account for unemployment benefits, income taxation, and imperfect labor mobility across sectors. The analysis indicates, among other results, that a reduction in unemployement benefits has a positive effect on output of tradable goods by lowering both the level of efficiency wages and the relative rent captured by skilled workers.
The Labor Market and Economic Adjustment
The Labor Market and Economic Adjustment - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Labor Market and Economic Adjustment write by Pierre-Richard Agénor. This book was released on 1995-11-01. The Labor Market and Economic Adjustment available in PDF, EPUB and Kindle. This paper examines the role of the labor market in the transmission process of adjustment policies in developing countries. It begins by reviewing the recent evidence regarding the functioning of these markets. It then studies the implications of wage inertia, nominal contracts, labor market segmentation, and impediments to labor mobility for stabilization policies. The effect of labor market reforms on economic flexibility and the channels through which labor market imperfections alter the effects of structural adjustment measures are discussed next. The last part of the paper identifies a variety of issues that may require further investigation, such as the link between changes in relative wages and the distributional effects of adjustment policies.
