Wage Flexibility in Turbulent Times - 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 Wage Flexibility in Turbulent Times write by International Monetary Fund. This book was released on 2005-07-01. Wage Flexibility in Turbulent Times available in PDF, EPUB and Kindle. This paper reviews several methods to measure wage flexibility, and their suitability for evaluating the extent of such flexibility during times of structural change, when wage distributions and wage curves can be particularly volatile. The paper uses nonparametric estimation to capture possible nonlinearities in the wage curve and relaxes the assumption of a stable wage distribution over time by linking the shape of the wage change distribution to macroeconomic variables. The proposed methodology is applied to Polish micro data. The estimates confirm that wages are less elastic in a high-unemployment/low-wage environment. Based on a comparison of actual and counterfactual wage distributions, the effects of nominal wage rigidities on real wages, and thus, on the labor market and the real economy, were limited until 1998, but have been quite significant thereafter.
Wage Flexibility in Turbulent Times
Wage Flexibility in Turbulent Times - 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 Wage Flexibility in Turbulent Times write by Shintaro Yamaguchi. This book was released on 2005. Wage Flexibility in Turbulent Times available in PDF, EPUB and Kindle.
Wage Flexibility in Turbulent Times
Wage Flexibility in Turbulent Times - 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 Wage Flexibility in Turbulent Times write by Shintaro Yamaguchi. This book was released on 2005. Wage Flexibility in Turbulent Times available in PDF, EPUB and Kindle.
Wage Flexibility in Turbulent Times
Wage Flexibility in Turbulent Times - 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 Wage Flexibility in Turbulent Times write by International Monetary Fund. This book was released on 2005-07-01. Wage Flexibility in Turbulent Times available in PDF, EPUB and Kindle. This paper reviews several methods to measure wage flexibility, and their suitability for evaluating the extent of such flexibility during times of structural change, when wage distributions and wage curves can be particularly volatile. The paper uses nonparametric estimation to capture possible nonlinearities in the wage curve and relaxes the assumption of a stable wage distribution over time by linking the shape of the wage change distribution to macroeconomic variables. The proposed methodology is applied to Polish micro data. The estimates confirm that wages are less elastic in a high-unemployment/low-wage environment. Based on a comparison of actual and counterfactual wage distributions, the effects of nominal wage rigidities on real wages, and thus, on the labor market and the real economy, were limited until 1998, but have been quite significant thereafter.
Trade Policy and Industrialization in Turbulent Times
Trade Policy and Industrialization in Turbulent Times - 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 Trade Policy and Industrialization in Turbulent Times write by Gerald K. Helleiner. This book was released on 1994. Trade Policy and Industrialization in Turbulent Times available in PDF, EPUB and Kindle. With the relationship between trade policy and industrialization coming in for increasingly close scrutiny, this book assesses how far trade policy has promoted economic growth in fourteen developing countries in the 1970s and 1980s.
