Relationships Between the Level of Economic Development and the Interindustry Wage Structure PDF Download
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Author: Myra Hoffenberg Strober
Publisher:
ISBN:
Category :
Languages : en
Pages : 558
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Book Description
Author: Myra Hoffenberg Strober
Publisher:
ISBN:
Category :
Languages : en
Pages : 558
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Book Description
Author: Anthony Douglas Smith
Publisher: Springer
ISBN: 1349001058
Category : Business & Economics
Languages : en
Pages : 419
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Book Description
Author: Pramod Verma
Publisher: Ahmedabad [India] : Academic Book Centre
ISBN:
Category : Industrial relations
Languages : en
Pages : 198
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Book Description
Author: Assar Lindbeck
Publisher:
ISBN:
Category : Wages
Languages : en
Pages : 36
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Book Description
Author: Steven G. Allen
Publisher:
ISBN:
Category : Manufactures
Languages : en
Pages : 60
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Book Description
This paper documents and analyzes changes in the wage structure across manufacturing industries over the last one hundred years. Inter-industry differentials in wages are highly stable for production workers, but autocorrelation patterns for nonproduction workers are considerably weaker. Industry wage patterns are very similar for production and nonproduction workers today, but this has been true only since 1958. Dispersion of wages across industries has shown varying trends over the last one hundred years, but has never in this century been higher than it is today. The variables that are most strongly correlated with wage growth are productivity growth, rising union density, rising capital intensity, and profit growth.
Author: George J. Borjas
Publisher:
ISBN:
Category : Input-output analysis
Languages : en
Pages : 41
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Book Description
This paper examines the link between interindustry wage differentials and subsequent growth of industry variables such as employment, GDP and labor productivity. We find that industries that paid higher than average wages in 1959 experienced significantly lower employment growth and GDP growth in the subsequent 30 to 40 years, while at the same time experiencing higher-than-average growth in the capital-labor ratio and in labor productivity. We argue that the evidence is best explained by a non-competitive model of the interindustry wage structure, as both firms and the market respond to the wage rigidity implied by the long-run persistence of the interindustry wage structure
Author: A. S. Oberai
Publisher:
ISBN:
Category : Developing countries
Languages : en
Pages : 86
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Book Description
Author: Organisation for Economic Co-operation and Development
Publisher:
ISBN:
Category : Labor mobility
Languages : en
Pages : 268
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Book Description
Author: Luis A. Riveros
Publisher:
ISBN:
Category : Employment (Economic theory)
Languages : en
Pages : 44
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Book Description
Efficiency wage theory suggests that wages (and hence labor markets) may be unresponsive to typical macroeconomic policies that seek to lower real wages, change resource allocation, and reduce open unemployment. Under this theory, firms will react to macroeconomic shocks by altering employment (laying workers off), not wages.
Author: Pierre-Richard Agénor
Publisher: International Monetary Fund
ISBN: 1451854781
Category : Business & Economics
Languages : en
Pages : 98
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Book Description
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.
