Wage Determination and Incomes Policy in Open Economies
Wage Determination and Incomes Policy in Open Economies

Author: Ms.Anne Romanis Braun

Publisher: International Monetary Fund

Published: 1986-09-15

Total Pages: 404

ISBN-13: 9780939934751

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Written by Anne Romanis Braun, a former staff member of the IMF's Research Department, this volume deals with the nature of wage determination and the problem of securing an economically appropriate development of money incomes in an open economy over the medium term.

Efficiency Wages and Labor Mobility in an Open Economy
Efficiency Wages and Labor Mobility in an Open Economy

Author: Pierre-Richard Agénor

Publisher: International Monetary Fund

Published: 1993-10-01

Total Pages: 42

ISBN-13: 1451850166

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The paper analyzes the role of labor market segmentation and relative wage rigidity in the transmission process of macroeconomic shocks in a two-sector optimizing model of a small open economy. The analysis is first conducted in the context of perfect intersectoral labor mobility. The discussion is then extended to consider the existence of short-run constraints on labor movements. The results highlight the role of efficiency considerations in the behavior of sectoral wages. A deflationary policy induces a reallocation of labor across sectors, but has no long-run effect on the unemployment rate.

Macroeconomics and the Wage Bargain
Macroeconomics and the Wage Bargain

Author: Wendy Carlin

Publisher: Oxford University Press, USA

Published: 1990

Total Pages: 502

ISBN-13:

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The authors present a new treatment of macroeconomics. Its key characteristic is the use of wage bargaining and price-setting under imperfect competition, making product and labour market assumptions closer to the real world.

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.

Trade, Jobs and Wages
Trade, Jobs and Wages

Author: Hian Teck Hoon

Publisher: Edward Elgar Publishing

Published: 2000-01-01

Total Pages: 228

ISBN-13: 9781781952719

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The world's increasing integration through trade and the persistence of high unemployment in Europe, and other areas of the world, highlight the need to understand the implications of free trade for unemployment. Trade, Jobs and Wages analyses how employment levels and real wages are affected by international trade. Popular trade theory disregards the impact of free trade on the rate of unemployment, since it assumes full employment at the outset. By focusing on the determinants of the natural rate of unemployment, Professor Hoon places an emphasis on real, as opposed to monetary, factors in accounting for long term trends in wages and unemployment.