Labor markets in an era of adjustment : an overview
Labor markets in an era of adjustment : an overview

Author: Susan Horton

Publisher: World Bank Publications

Published: 1991

Total Pages: 86

ISBN-13:

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This overview of a symposium on labor markets and adjustment concludes that: (1) real wages are more flexible than generally supposed, (2) labor reallocations across sectors have been more or less in the desired direction, and (3) the role of labor unions, generally supposed to be an impediment to adjustment, is more subtle than generally supposed.

The Labor Market and Economic Adjustment
The Labor Market and Economic Adjustment

Author: Pierre-Richard Agénor

Publisher: International Monetary Fund

Published: 1995-11-01

Total Pages: 98

ISBN-13: 1451854781

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This paper examines the role of the labor market in the transmission process of adjustment policies in developing countries. It begins by reviewing the recent evidence regarding the functioning of these markets. It then studies the implications of wage inertia, nominal contracts, labor market segmentation, and impediments to labor mobility for stabilization policies. The effect of labor market reforms on economic flexibility and the channels through which labor market imperfections alter the effects of structural adjustment measures are discussed next. The last part of the paper identifies a variety of issues that may require further investigation, such as the link between changes in relative wages and the distributional effects of adjustment policies.

Labor Markets in an Era of Adjustment
Labor Markets in an Era of Adjustment

Author: Susan Horton

Publisher: World Bank Publications

Published: 1991

Total Pages: 86

ISBN-13:

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This overview of a symposium on labor markets and adjustment concludes that: (1) real wages are more flexible than generally supposed, (2) labor reallocations across sectors have been more or less in the desired direction, and (3) the role of labor unions, generally supposed to be an impediment to adjustment, is more subtle than generally supposed.

Argentina's Labor Markets in an Era of Adjustment
Argentina's Labor Markets in an Era of Adjustment

Author: Luis A. Riveros

Publisher: World Bank Publications

Published: 1990

Total Pages: 55

ISBN-13: 0928234827

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Changing Argentina's structure of production requires fundamental reform of the labor market with regard to wage policies and the extent of government intervention. It will also require adequate financing during the transition period to compensate the potential losers from structural adjustment who might otherwise prevent its successful implementation.