Verfügbarkeit: Macroeconomic Adjustment with Segmented Labor Markets

Macroeconomic Adjustment with Segmented Labor Markets:

This paper analyzes the macroeconomic effects of fiscal and labor market policies in developing countries. The basic framework considers a small open economy with a large informal production sector and a heterogeneous work force. The labor market is segmented as a result of efficiency considerations...

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Bibliographische Detailangaben
1. Verfasser:	Aizenman, Joshua (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 1994
Schriftenreihe:	IMF Working Papers Working Paper No. 94/56
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Zusammenfassung:	This paper analyzes the macroeconomic effects of fiscal and labor market policies in developing countries. The basic framework considers a small open economy with a large informal production sector and a heterogeneous work force. The labor market is segmented as a result of efficiency considerations and minimum wage laws. The basic model is then extended to account for unemployment benefits, income taxation, and imperfect labor mobility across sectors. The analysis indicates, among other results, that a reduction in unemployement benefits has a positive effect on output of tradable goods by lowering both the level of efficiency wages and the relative rent captured by skilled workers
Beschreibung:	1 Online-Ressource (50 p)
ISBN:	1451968248 9781451968248

Internformat

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spelling	Aizenman, Joshua Verfasser aut Macroeconomic Adjustment with Segmented Labor Markets Aizenman, Joshua Washington, D.C International Monetary Fund 1994 1 Online-Ressource (50 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 94/56 This paper analyzes the macroeconomic effects of fiscal and labor market policies in developing countries. The basic framework considers a small open economy with a large informal production sector and a heterogeneous work force. The labor market is segmented as a result of efficiency considerations and minimum wage laws. The basic model is then extended to account for unemployment benefits, income taxation, and imperfect labor mobility across sectors. The analysis indicates, among other results, that a reduction in unemployement benefits has a positive effect on output of tradable goods by lowering both the level of efficiency wages and the relative rent captured by skilled workers Online-Ausg Agénor, Pierre-Richard Sonstige oth http://elibrary.imf.org/view/IMF001/04364-9781451968248/04364-9781451968248/04364-9781451968248.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Aizenman, Joshua Macroeconomic Adjustment with Segmented Labor Markets
title	Macroeconomic Adjustment with Segmented Labor Markets
title_auth	Macroeconomic Adjustment with Segmented Labor Markets
title_exact_search	Macroeconomic Adjustment with Segmented Labor Markets
title_exact_search_txtP	Macroeconomic Adjustment with Segmented Labor Markets
title_full	Macroeconomic Adjustment with Segmented Labor Markets Aizenman, Joshua
title_fullStr	Macroeconomic Adjustment with Segmented Labor Markets Aizenman, Joshua
title_full_unstemmed	Macroeconomic Adjustment with Segmented Labor Markets Aizenman, Joshua
title_short	Macroeconomic Adjustment with Segmented Labor Markets
title_sort	macroeconomic adjustment with segmented labor markets
url	http://elibrary.imf.org/view/IMF001/04364-9781451968248/04364-9781451968248/04364-9781451968248.xml
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