Real wage adjustment with a nonlinear labor demand

2000 ◽  
pp. 69-92
Author(s):  
Michael Neugart
Keyword(s):  
Real Wage ◽  
Labor Demand ◽  
Wage Adjustment

scholarly journals Real Wage Adjustment and Employment Policies in the Nordic Countries

1990 ◽  
Vol 5 (11) ◽  
pp. 397 ◽  
Author(s):  
Lars Calmfors ◽  
Ragnar Nymoen ◽  
Henrik Horn ◽  
Edmond Malinvaud
Keyword(s):  
Real Wage ◽  
Nordic Countries ◽  
Employment Policies ◽  
Wage Adjustment

Sectoral Labor Employment in a Caribbean Economy: The Case of Barbados

1994 ◽  
Vol 23 (1) ◽  
pp. 49-66 ◽  
Author(s):  
Addington Coppin
Keyword(s):  
Real Wage ◽  
Labor Demand ◽  
Labor Cost ◽  
Real Output ◽  
Real Wages ◽  
Aggregate Output ◽  
Capital Deepening ◽  
Producer Prices ◽  
The Caribbean ◽  
Cost Factors

This study examines the demand for labor in five major sectors of the Caribbean economy of Barbados. While the demand for labor function in the nontradable sectors appears well-defined in terms of real wages and real aggregate output, the inclusion of a variable to capture the effects of capital-deepening appears important to the specification of labor demand in the tradable sectors—agriculture and manufacturing. Low estimates of real wage elasticities and real output elasticities in the vicinity of unity suggest that employers in the major sectors are more likely to alter their demand for labor based on expectations of the economy's performance than in response to labor cost factors denominated in producer prices.

scholarly journals The Intensive and Extensive Margins of Real Wage Adjustment

2016 ◽  
pp. 01-33 ◽  
Author(s):  
Mary C. Daly ◽  
◽  
Bart Hobijn ◽  
Keyword(s):  
Real Wage ◽  
Wage Adjustment

Labour Surplus as a Signal for Real-Wage Adjustment: Austria, 1968-1984

Economica ◽  
1986 ◽  
Vol 53 (210) ◽  
pp. S75 ◽  
Author(s):  
Karl Pichelmann ◽  
Michael Wagner
Keyword(s):  
Real Wage ◽  
Wage Adjustment

Rigider Arbeitsmarkt oder ungleiche Einkommensverteilung – Ein unlösbares Dilemma?

2000 ◽  
Vol 49 (1) ◽  
Author(s):  
Norbert Berthold ◽  
Rainer Fehn ◽  
Eric Thode
Keyword(s):  
Labor Market ◽  
Venture Capital ◽  
Capital Markets ◽  
Real Wage ◽  
Labor Demand ◽  
Substantial Reduction ◽  
Point Of View ◽  
Flexible Labor ◽  
Long Run ◽  
Short Run

AbstractThe paper shows that a more flexible labor market is unequivocally necessary for a lasting and substantial reduction of unemployment. It furthermore points out that a more flexible labor market is even beneficial from a long-run distributional point of view. Hence, the key to liberalizing the labor market lies in overcoming widespread short-run distributional concerns. Increasing the short-run elasticity of labor demand with respect to the real wage by fostering venture capital markets appears to be a crucial stepping stone.

Implications of higher retirement age for the labor market

2017 ◽  
pp. 22-39 ◽  
Author(s):  
M. Ivanova ◽  
A. Balaev ◽  
E. Gurvich
Keyword(s):  
Economic Growth ◽  
Labor Market ◽  
Labor Supply ◽  
Labor Force ◽  
Labor Demand ◽  
Retirement Age ◽  
Demographic Trends ◽  
Men And Women ◽  
Demographic Projections ◽  
The Impact

The paper considers the impact of the increase in retirement age on labor supply and economic growth. Combining own estimates of labor participation and demographic projections by the Rosstat, the authors predict marked fall in the labor force (by 5.6 million persons over 2016-2030). Labor demand is also going down but to a lesser degree. If vigorous measures are not implemented, the labor force shortage will reach 6% of the labor force by the period end, thus restraining economic growth. Even rapid and ambitious increase in the retirement age (by 1 year each year to 65 years for both men and women) can only partially mitigate the adverse consequences of demographic trends.

The Economics of wages and wages policy in the depression and recovery period: distinctive elements in the New Zealand debate, 1931- 1936

1970 ◽  
Vol 15 (1) ◽  
Author(s):  
A. M. Endres
Keyword(s):  
New Zealand ◽  
Real Wage ◽  
Labour Productivity ◽  
Recovery Period ◽  
Prima Facie ◽  
Currency Devaluation ◽  
Money Wage ◽  
Distinctive Features ◽  
Compulsory Arbitration ◽  
Wage Cuts

This article discusses distinctive features of the New Zealand debate on the economics of wages and wages policy from 1931 up to the restoration of compulsory arbitration in 1936. Local economic orthodoxy proffered advice which, consistent with Keynes (1936), turned on the need for a general real wage reduction effected mostly through currency devaluation, rather than through further money wage cuts. Dissenters were critical of currency devaluation; they stressed excessively generous unemployment relief, real wage 'overhang' and structural real wage distorttons. Tentative estimates of both aggregate real product wage and labour productivity changes demonstrate, prima facie, that at least one strand in the dissenting argument was defensible.

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