The Labor Market and Economic Adjustment /

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 segmen...

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Detalles Bibliográficos
Autor principal: Agenor, Pierre-Richard
Formato: Revista
Lenguaje:English
Publicado: Washington, D.C. : International Monetary Fund, 1995.
Colección:IMF Working Papers; Working Paper ; No. 1995/125
Acceso en línea:Full text available on IMF
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100 1 |a Agenor, Pierre-Richard. 
245 1 4 |a The Labor Market and Economic Adjustment /  |c Pierre-Richard Agenor. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1995. 
300 |a 1 online resource (98 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1995/125 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1995/125/001.1995.issue-125-en.xml  |z IMF e-Library