Wage indexation has been an important policy instrument in several developing countries. The alliance of endemic internal imbalances and long-lived labor market institutions has made indexation a normal...
Wage indexation has been an important policy instrument in several developing countries. The alliance of endemic internal imbalances and long-lived labor market institutions has made indexation a normal...
Czechoslovakia (CSFR) faces marked challenges for successfully accomplishing its transition to a market economy. In recent years the economy was characterized by a good deal of internal and external equilibrium...
In the 1970s, Chile underwent profound structural changes in market regulation, public sector policies, and foreign trade. These changes produced notable economic strain and high open unemployment. After...
Implicit in standard macroeconomics of adjustment is the assumption of well-integrated labor markets that are responsive to relative prices. But segmentation of the labor market is usually said to be an...
This paper estimates export supply elasticities in 20 countries using an empirical model in which manufactured exports are a function of the price of exports, the price of imported inputs, and labor costs...
The ratio of nonwage labor costs (for social security, pensions, vacation days, severence compensation, and the like) to direct wage costs is proportionately higher in Europe and Latin America than in...
The objectives of this paper are : (i) to empirically probe on the validity of the hypothesis that wages are relatively unresponsive to labor market disequlibrium; and (ii) to investigate whether the dramatically...
Although Minimum Wage (MW) regulations are an old tradition in Latin America, controversy about their effects on inflation, unemployment, wage flexibility and international competitiveness has become central...
Minimum wage (MW) policies are an old and controversial tradition in Latin America. This controversy develops principally on the different effects that in standard economic analysis are associated to MW...
This paper reviews the main features of labor market performance in the Chilean economy during the 1970s. Its purpose is to analyze several explanations for Chile's high unemployment levels, on the basis...