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Wage Indexation and the Cost of Disinflation

Wage Indexation and the Cost of Disinflation »

Source: Wage Indexation and the Cost of Disinflation

Volume/Issue: 1996/48

Series: IMF Working Papers

Author(s): Esteban Jadresic

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1996

ISBN: 9781451846690

Keywords: wage, inflation, wages, wage indexation, money growth

While a standard academic presumption has been that wage indexation reduces the cost of disinflation, policymakers generally contend that wage indexing makes disinflation more difficult. To shed light on these view...

Output, Employment and Financial Sanctions in South Africa

Output, Employment and Financial Sanctions in South Africa »

Source: Output, Employment and Financial Sanctions in South Africa

Volume/Issue: 1990/113

Series: IMF Working Papers

Author(s): Tamim Bayoumi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1990

ISBN: 9781451943948

Keywords: employment, wage, unemployment, employment growth

The effects of the marked slowdown in the growth of the capital stock in South Africa since 1985, associated with political uncertainty and financial sanctions, and future growth prospects are quantified using a mo...

Social and Political Factors in a Model of Endogenous Economic Growth and Distribution

Social and Political Factors in a Model of Endogenous Economic Growth and Distribution »

Source: Social and Political Factors in a Model of Endogenous Economic Growth and Distribution : An Application to the Philippines

Volume/Issue: 1996/139

Series: IMF Working Papers

Author(s): Delano Villanueva

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1996

ISBN: 9781451929461

Keywords: growth rate, wage, wages, economic growth, growth model

This paper proposes a model of endogenous economic growth and distribution explicitly incorporating social extraction and political competition, with an application to the Philippine historical experience. The majo...

The Quality of Governance

The Quality of Governance »

Source: The Quality of Governance : 'Second-Generation' Civil Service Reform in Africa

Volume/Issue: 1998/164

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1998

ISBN: 9781451980240

Keywords: human capital, migration, growth, wage, wages, salary, salaries

This paper argues that the development of human capital in the public sector should be an important ingredient in any proposed set of “second-generation” reforms for Africa. In the post-colonial era t...

Returns to Human Capital and Investment in New Technology

Returns to Human Capital and Investment in New Technology »

Source: Returns to Human Capital and Investment in New Technology

Volume/Issue: 2001/133

Series: IMF Working Papers

Author(s): Rodolfo Luzio , Steven Dunaway , and Martin Kaufman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2001

ISBN: 9781451855494

Keywords: New technology, wage premium, income redistribution policies, wage, skilled workers, output growth, skilled labor, Econometric Modeling: General, Macroeconomic Policy, Macroeconomic Aspects of Public Finance

This paper presents a simple framework that illustrates the link between skill-based wage differentiation and human capital acquisition given skill-biased technical progress. The analysis points to the economic cos...

Price and Wage Flexibility in Hong Kong SAR

Price and Wage Flexibility in Hong Kong SAR »

Source: Price and Wage Flexibility in Hong Kong SAR

Volume/Issue: 2017/9

Series: IMF Working Papers

Author(s): Si Guo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 January 2017

ISBN: 9781475570397

Keywords: Wage flexibility, Singapore, Hong Kong Special Administrative Region of China, Wage adjustments, Wages, United Kingdom, United States, Price adjustments, Prices, Inflation

The paper assesses the price and wage flexibility in Hong Kong SAR. At the aggregate level, it compares Hong Kong SAR with the United States, the United Kingdom and Singapore by examining the three commonly used ma...

More Slack than Meets the Eye? Recent Wage Dynamics in Advanced Economies1

More Slack than Meets the Eye? Recent Wage Dynamics in Advanced Economies1 »

Source: More Slack than Meets the Eye? Recent Wage Dynamics in Advanced Economies

Volume/Issue: 2018/50

Series: IMF Working Papers

Author(s): Gee Hee Hong , Zsoka Koczan , Weicheng Lian , and Malhar Nabar

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 March 2018

ISBN: 9781484345351

Keywords: Economic models, Employment, Labor markets, Unemployment, Wage increases, Monetary policy, wage growth, involuntary part-time employment, Monetary Policy (Targets, Instruments

Nominal wage growth in most advanced economies remains markedly lower than it was before the Great Recession of 2008-09. This paper finds that the bulk of the wage slowdown is accounted for by labor market slack, i...

European Wage Dynamics and Spillovers

European Wage Dynamics and Spillovers »

Source: European Wage Dynamics and Spillovers

Volume/Issue: 2019/156

Series: IMF Working Papers

Author(s): Yuanyan Sophia Zhang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 July 2019

ISBN: 9781498319294

Keywords: Labor market reforms, Labor markets, Real wages, Labor costs, Labor productivity, wages, spillovers, Phillips curve, non-employment, European Union

Wage rises have remained stubbornly low in advanced Europe in recent years, but, at the same time, newer EU members are experiencing rapid wage acceleration. This paper investigates the drivers of this wage diverge...

Understanding U.S. Wage Dynamics

Understanding U.S. Wage Dynamics »

Source: Understanding U.S. Wage Dynamics

Volume/Issue: 2018/138

Series: IMF Working Papers

Author(s): Yasser Abdih , and Stephan Danninger

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 June 2018

ISBN: 9781484362082

Keywords: United States, Western Hemisphere, Productivity, Wage growth, slack, routinization, offshoring, globalization, Aggregate Factor Income Distribution, Forecasting and Simulation

In this paper, we undertake empirical analysis to understand U.S. wage behavior since the beginning of the new millennium. At the macroeconomic level, we find that a productivity-augmented Phillips curve model expl...

Italy: Quantifying the Benefits of a Comprehensive Reform Package1

Italy: Quantifying the Benefits of a Comprehensive Reform Package1 »

Source: Italy: Quantifying the Benefits of a Comprehensive Reform Package

Volume/Issue: 2018/60

Series: IMF Working Papers

Author(s): Michal Andrle , Alvar Kangur , and Mehdi Raissi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 March 2018

ISBN: 9781484347614

Keywords: Labor market reforms, Wage bargaining, Europe, Italy, Banking sector, Fiscal policy, growth, competitiveness, product market reforms, DSGE models

This paper seeks to quantify the net benefits of a comprehensive reform package aimed at addressing Italy's inter-related challenges. Specifically, it simulates the growth and competitiveness effects of a package o...