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Social Science > Emigration and Immigration

You are looking at 1 - 2 of 2 items for :

  • Type: Journal Issue x
  • Retirement; Retirement Policies x
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Cover Selected Issues Papers
Cancellation of Public Holiday in Denmark
Gohar Minasyan
Denmark cancelled a public holiday to increase labor supply, GDP, and fiscal revenues. This chapter discusses the expected labor supply impact of this change and compares it to alternative options for increasing labor supply.
Keywords:
Public holidays; labor regulation; leisure choices; labor supply impact; cancellation of public holiday; copyright page; main takeaway; Labor supply; Migration; Retirement; Employment rate; Labor markets
Cover IMF Staff Country Reports
Denmark: Selected Issues
International Monetary Fund. European Dept.
This Selected Issues paper analyzes wage and inflation dynamics in Denmark. High profit margins contributed to growth in the gross domestic product deflator. Historical evidence suggests that the contribution from wages to price deflators will likely pick up. Nominal wage growth in Denmark has so far been modest and outpaced by high inflation, putting real wage growth in negative territory. Amid still-tight labor markets, this has raised concerns about wage pressures going forward and the eventual impact on inflation. The analysis suggests that wage formation in Denmark has historically been partly backward looking, and economic slack has played a role. Given these, high inflation realized thus far and the tightness in the labor market implies that wage pressures are expected to remain elevated in the near term. Some of these wage pressures, in turn, are expected to be passed on to core inflation, sustaining high inflation. Thus, determined policies to fight inflation are important.
Keywords:
B. inflation dynamics; inflation dynamics in Denmark; inflation expectation; main takeaway; IMF staff calculation; Inflation; Labor supply; Wages; Labor markets; Migration; Europe