IX Role of Labor Markets
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Ms. Kalpana Kochhar
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Mr. Erik Offerdal
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Mr. Louis Dicks-Mireaux
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Mr. Mauro Mecagni
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Ms. Jianping Zhou
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Mr. Balázs Horváth
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Mr. David John Goldsbrough
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Ms. Sharmini Coorey
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Abstract

The structure of labor markets can have a major impact on the transmission of adjustment policies to investment and growth, and the policies themselves also influence labor market developments. This section examines the links between adjustment policies and labor markets by first identifying some salient labor market features and then by examining, to the extent that the limited data permit, the impact of adjustment policies on real wages and employment in the eight countries.87

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Lessons from Adjustment Policies in Eight Economies
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