Real Wage, Labor Productivity, and Employment Trends in South Africa : A Closer Look /

The paper looks at the dynamics of employment in South Africa and examines the factors that contributed to the job-shedding observed during the recent financial crisis. The paper finds that the rapid growth of the real wage, which outpaced the labor productivity growth in most sectors, played an imp...

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Bibliographic Details
Main Author: Klein, Nir
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2012.
Series:IMF Working Papers; Working Paper ; No. 2012/092
Online Access:Full text available on IMF