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|c 5.00 USD
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|z 9781451850161
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Santaella, Julio.
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|a Efficiency Wages and Labor Mobility in an Open Economy /
|c Julio Santaella, Pierre-Richard Agenor.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 1993.
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|a 1 online resource (40 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a 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.
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|a Mode of access: Internet
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|a Agenor, Pierre-Richard.
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|a IMF Working Papers; Working Paper ;
|v No. 1993/079
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/1993/079/001.1993.issue-079-en.xml
|z IMF e-Library
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