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Wages, Profitability, and Growth in a Small Open Economy

Wages, Profitability, and Growth in a Small Open Economy »

Source: Wages, Profitability, and Growth in a Small Open Economy

Volume/Issue: 1990/45

Series: IMF Working Papers

Author(s): Bankim Chadha

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1990

ISBN: 9781451974188

Keywords: wage, labor force, wage increases, labor costs

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, kno...

Wage Policy and Fiscal Sustainability in Benin

Wage Policy and Fiscal Sustainability in Benin »

Source: Wage Policy and Fiscal Sustainability in Benin

Series: Departmental Papers / Policy Papers

Author(s): Charlotte Lundgren

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 May 2010

ISBN: 9781455268382

Keywords: Debt sustainability, Civil service, Fiscal sustainability, Fiscal reforms, Wage policy, wage, wages, salaries, wage costs

This paper analyzes the impact of Benin's public wage policy on medium and long-term fiscal and debt sustainability. The main findings are that if the wage bill continues to increase in line with recent trends, deb...

On Sand and the Role of Grease in Labor Markets

On Sand and the Role of Grease in Labor Markets »

Source: On Sand and the Role of Grease in Labor Markets : How Does Germany Compare?

Volume/Issue: 2002/164

Series: IMF Working Papers

Author(s): Jörg Decressin , and Anja Decressin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2002

ISBN: 9781451858006

Keywords: Wage Setting, Wage Rigidities, Inflation Targets, wage, inflation, wage increase, inflation rate, Wages, Compensation, and Labor Costs: General,

This paper investigates wage setting in (west) Germany using the German Socioeconomic Panel dataset on individuals and compares the findings with those available for the United Kingdom and the United States. The fr...

Wage Contracts, Capital Mobility, and Macroeconomic Policy

Wage Contracts, Capital Mobility, and Macroeconomic Policy »

Source: Wage Contracts, Capital Mobility, and Macroeconomic Policy

Volume/Issue: 1995/10

Series: IMF Working Papers

Author(s): Pierre-Richard Agénor

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1995

ISBN: 9781451842647

Keywords: wage, export sector, transactions costs, nominal interest rate

This paper examines the long-run effects of macroeconomic policy shocks on the behavior of output, inflation, real wages and the real exchange rate in a small open economy. The analysis is based on a two-sector, th...

Chapter 1 Background

Chapter 1 Background »

Source: Wage Policy and Fiscal Sustainability in Benin

Series: Departmental Papers / Policy Papers

Author(s): Charlotte Lundgren

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 May 2010

ISBN: 9781455268382

Keywords: Debt sustainability, Civil service, Fiscal sustainability, Fiscal reforms, Wage policy, wage, wages, salaries, wage costs

Over 2007–2009, annual real growth in the wage bill averaged 14.7 percent. In 2009 in particular, wage costs in real terms increased by 21 percent and as a share of...

Chapter 2 Scenarios

Chapter 2 Scenarios »

Source: Wage Policy and Fiscal Sustainability in Benin

Series: Departmental Papers / Policy Papers

Author(s): Charlotte Lundgren

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 May 2010

ISBN: 9781455268382

Keywords: Debt sustainability, Civil service, Fiscal sustainability, Fiscal reforms, Wage policy, wage, wages, salaries, wage costs

The objective of improving the productivity of the Beninese civil service could be addressed over the medium term through a comprehensive reform agenda. In the short term, however,...

Chapter 3 Conclusions

Chapter 3 Conclusions »

Source: Wage Policy and Fiscal Sustainability in Benin

Series: Departmental Papers / Policy Papers

Author(s): Charlotte Lundgren

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 May 2010

ISBN: 9781455268382

Keywords: Debt sustainability, Civil service, Fiscal sustainability, Fiscal reforms, Wage policy, wage, wages, salaries, wage costs

A continued increase in the wage bill in line with recent trends will compromise Benin’s debt and fiscal sustainability in the medium- to long-term by generating exc...

The Costs and Benefits of Various Wage Bargaining Structures

The Costs and Benefits of Various Wage Bargaining Structures »

Source: The Costs and Benefits of Various Wage Bargaining Structures : An Empirical Exploration

Volume/Issue: 2002/71

Series: IMF Working Papers

Author(s): Alun Thomas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2002

ISBN: 9781451849257

Keywords: internal factors, wage, bargaining, Wages, Compensation, and Labor Costs: General, Trade Unions: Objectives, Structure, and Effects,

The literature on the relationship between the unemployment rate and wage bargaining fails to separate the offsetting effects of a reduction in competition associated with centralized bargaining and the increased a...

Wage Flexibility in Turbulent Times

Wage Flexibility in Turbulent Times »

Source: Wage Flexibility in Turbulent Times : A Practitioner's Guide, with an Application to Poland

Volume/Issue: 2005/134

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2005

ISBN: 9781451861532

Keywords: wage, unemployment, unemployment rate, local unemployment, Wages, Compensation, and Labor Costs: General,

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...

Wage-Price Setting in New EU Member States

Wage-Price Setting in New EU Member States »

Source: Wage-Price Setting in New EU Member States

Volume/Issue: 2008/243

Series: IMF Working Papers

Author(s): Manuela Goretti

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2008

ISBN: 9781451871012

Keywords: Wage, Price, Labor Market, New EU Member States, wages, labor costs,

This paper analyzes wage- and price-setting relations in new EU member countries. Panel estimates indicate a strong and significant relationship between real wages and labor productivity, as well as evidence of wag...