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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: Singapore, Wages, 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, knowledge-and-ski...

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...

What Determines the Reservation Wages of Unemployed Workers? New Evidence From German Micro Data

What Determines the Reservation Wages of Unemployed Workers? New Evidence From German Micro Data »

Source: What Determines the Reservation Wages of Unemployed Workers? New Evidence From German Micro Data

Volume/Issue: 2003/4

Series: IMF Working Papers

Author(s): Eswar Prasad

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2003

ISBN: 9781451842067

Keywords: Reservation wage, labor supply disincentives, offer wage distribution, unemployment and employment determinants, wage, unemployment, unemployment compensation, compensation, Mobility, and Vacancies

This paper provides new empirical evidence on the relationship between reservation wages of unemployed workers and macroeconomic factors--including the unemployment rate and generosity of the unemployment compensat...

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-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...

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...

Institutions, Informality, and Wage Flexibility

Institutions, Informality, and Wage Flexibility »

Source: Institutions, Informality, and Wage Flexibility : Evidence From Brazil

Volume/Issue: 2012/84

Series: IMF Working Papers

Author(s): Irineu de Carvalho Filho , and Marcello Estevão

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2012

ISBN: 9781475502367

Keywords: informal work, regulations, wage, unemployment rate, employment, Institutions, Informality, and Wage Flexibility:, Wages, Compensation

Even though institutions are created to protect workers, they may interfere with labor market functioning, raise unemployment, and end up being circumvented by informal contracts. This paper uses Brazilian microeco...

Real Wage, Labor Productivity, and Employment Trends in South Africa

Real Wage, Labor Productivity, and Employment Trends in South Africa »

Source: Real Wage, Labor Productivity, and Employment Trends in South Africa : A Closer Look

Volume/Issue: 2012/92

Series: IMF Working Papers

Author(s): Nir Klein

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2012

ISBN: 9781475502824

Keywords: Real wage, wage, informal employment, Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General, Wages, Compensation, and Labor Costs: General,

The paper looks at the dynamics of employment in South Africa and examines the factors that contributed to the job-shedding observed during the recent financial crisis. The paper finds that the rapid growth of the...

A European Minimum Wage: Implications for Poverty and Macroeconomic Imbalances

A European Minimum Wage: Implications for Poverty and Macroeconomic Imbalances »

Source: A European Minimum Wage: Implications for Poverty and Macroeconomic Imbalances

Volume/Issue: 2020/59

Series: IMF Working Papers

Author(s): Enrica Detragiache , Christian Ebeke , La-Bhus Fah Jirasavetakul , Koralai Kirabaeva , Davide Malacrino , Florian Misch , Hyun Woo Park , and Yu Shi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 May 2020

ISBN: 9781513545073

Keywords: External sector, Cost of living, Wage policy, Labor costs, Labor markets, Minimum Wage, European Union, Poverty Alleviation, Current Account Rebalancing, Monetary Unions

A hypothetical European Minimum Wage (MW) set at 60 percent of each country's median wage would reduce in-work poverty but have limited effects on overall poverty, as many poor households do not earn a wage near MW...