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Nutrients ◽  
2022 ◽  
Vol 14 (2) ◽  
pp. 295
Author(s):  
Guillermo Paraje ◽  
Daniela Montes de Oca ◽  
Juan Marcos Wlasiuk ◽  
Mario Canales ◽  
Barry M. Popkin

This study evaluates the impact of Chile’s innovative law on Food Labeling and Advertising, enacted in June 2016, on employment and real wages and profit margins for the food and beverage manufacturing sectors in the 2016–2019 period, using unique company-specific monthly data from Chile’s tax collection agency (measuring aggregate employment, real wages, average size of firms, and gross profit margins of the food and beverage manufacturing sector). Interrupted-time series analyses (ITSA) on administrative data from tax-paying firms was used and compared to synthetic control groups of sectors not affected by the regulations. ITSA results show no effect on aggregate employment nor on the average size of the firms, while they show negligible effects on real wages and gross margin of profits (as proportion of total sales), after the first two stages of the implementation (36 months), despite significant decreases in consumption in certain categories (sugar-sweetened beverages, breakfast cereals, etc.). Despite the large declines found in purchases of unhealthy foods, employment did not change and impacts on other economic outcomes were small. Though Chile’s law, is peculiar there is no reason to believe that if similar regulations were adopted elsewhere, they would have different results.


Author(s):  
D. Zaharov ◽  
YEkatyerina Kashtanova

This article examines the current state, operating conditions and forecasts for the development of the Russian labor market after the coronavirus pandemic in 2020. The growth of the gross domestic product was revealed in July 2021, compared to July 2020. It was noted that the most important factor in the recovery and further development of economic activity in the first half of 2021 was the consumer demand of the population. General trends in the labor market are showing positive dynamics, and the process of increasing real wages has continued. The recovery processes brought workers' cash incomes closer to the indicators of 2019. It was noted that the development of the labor market in the near future will be based on the implementation in the Russian Federation of a state program called "Promotion of employment of the population", in addition, national projects have been developed: "Demography", "Small and medium-sized businesses and support for individual entrepreneurial initiative".


2021 ◽  
Vol 10 (3) ◽  
pp. 263
Author(s):  
Ari Setyawan ◽  
I Wayan Suparta ◽  
Neli Aida

ABSTRACTThis study aims to examine the effect of economic globalization on the unemployment rate in Indonesia and the relationship of other macroeconomic variables such as economic growth, inflation rate, and real wage with unemployment. The data used is in the form of annual time series data from 1986 to 2018, whose research results are analyzed using the ARDL method. This study concludes that economic globalization can reduce the unemployment rate in Indonesia in the short term, although in the long term, it increases the unemployment rate. Economic growth and inflation in the short and long term have not been able to reduce the current unemployment rate, while the increase in real wages has reduced the unemployment rate in the short term, although not in the long term. By looking at these results, we need to be wary of economic globalization because economic globalization has a destructive impact in the long term. So that concrete and consistent efforts are needed from the government, the private sector, and other stakeholders so that Indonesia gets the maximum benefit from economic globalization, especially in job creation and reducing unemployment.JEL : B22, E22.Keywords : unemployment, economic globalization, economic growth, inflation, real wages. ABSTRAKPenelitian ini bertujuan melihat pengaruh tingkat globalisasi ekonomi terhadap tingkat pengangguran di Indonesia serta hubungan variabel makroekonomi lain seperti tingkat pertumbuhan ekonomi, tingkat inflasi dan tingkat upah riil dengan tingkat pengangguran. Data yang dipergunakan berupa data time series tahunan dari periode 1986 hingga 2018 yang hasil penelitiannya dianalisis menggunakan metode ARDL. Kesimpulan penelitian ini yaitu globalisasi ekonomi mampu mengurangi tingkat pengangguran di Indonesia dalam jangka pendek meskipun dalam jangka panjang malah meningkatkan tingkat pengangguran. Pertumbuhan ekonomi dan inflasi baik dalam jangka pendek dan jangka panjangnya belum mampu menurunkan tingkat pengangguran yang ada sedangkan naiknya upah riil mampu menurunkan tingkat pengangguran dalam jangka pendek meskipun tidak dalam jangka panjang. Dengan melihat hasil ini, kita perlu waspada terhadap globalisasi ekonomi karena globalisasi ekonomi ini memiliki dampak buruk dalam jangka panjang sehingga dibutuhkan upaya kongkrit dan konsisten baik dari pemerintah, swasta maupun para stakeholder lain agar Indonesia memperoleh manfaat yang sebesar-besarnya dari globalisasi ekonomi khusunya dalam upaya penciptaan lapangan kerja dan mengurangi pengangguran.


2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Guzel Salimova ◽  
Alisa Ableeva ◽  
Aygul Galimova ◽  
Ramzilya Bakirova ◽  
Tatiana Lubova ◽  
...  

PurposeUsing the example of Russia, this paper studied and analyzed productivity of the labor force in agriculture as an important industry for ensuring the sustainable development of the country.Design/methodology/approachAt the first examination stage, the time series of data on labor productivity and real wages in agri-food companies were examined as modern works on the matter tend to highlight the relationship between productivity and remuneration insufficiently. At the second stage, labor productivity was assessed through the rate of change in the share of wages in the gross domestic product. At the last stage, an applied model of the relationship between labor productivity in agriculture and various impact factors was developed.FindingsIt showed that the efficiency of the labor force in the considered area depends greatly on technical equipment and crop yield. Besides, the study findings revealed that the traditional economic relationship between productivity and wages is invalid in the examined regions of Russia. There is a significant reserve for increasing labor productivity by providing additional motivation for employees.Originality/valueThe successful development of agricultural production can be achieved by implementing innovations, facilitating digitalization, attracting investments, increasing the level of interest of those employed in labor results and producing high-quality goods.


2021 ◽  
pp. 048661342110354
Author(s):  
Francesco Macheda ◽  
Roberto Nadalini

This article explores the strategy of active interventions through which Chinese policymakers have created the conditions for pulling their country out of its peripheral status within the world economy. We find that the strategic use of exchange rate policy and the maintenance of extensive ownership in industrial assets by the national government have played a key role in cumulatively promoting the upgrading of technological capabilities of the national workforce since the mid-1990 onward. Economic data show support for the hypotheses of an increasing capacity of Chinese producers to gain access to oligopolistic technology markets. To the extent that this offers the opportunity to capture a slice of the technological rent hitherto reserved to the capitalist center, our study suggests that the growth of real wages in China will be consistent with the maintenance of the country’s external balance in the long run. JEL classification: L16, O47, J21, F13, B51


2021 ◽  
Author(s):  
Nicholas Crafts ◽  
Terence C Mills

Abstract We investigate a structural model of demographic-economic interactions for England during 1570 to 1850. We estimate that the annual rate of population growth consistent with constant real wages was 0.4% before 1760 but 1.5% thereafter. We find that exogenous shocks increased population growth dramatically in the early decades of the Industrial Revolution. Simulations of our model show that if these demographic shocks had occurred before the Industrial Revolution the impact on real wages would have been catastrophic and that these shocks were largely responsible for very slow growth of real wages during the Industrial Revolution.


Water Policy ◽  
2021 ◽  
Author(s):  
Hongzhen Ni ◽  
Jing Zhao ◽  
Xiujian Peng ◽  
Genfa Chen

Abstract In response to rapidly growing energy demands, Chinese authorities plan to invest more in hydropower development. However, there are concerns about the possible effects on macroeconomy. This paper uses SinoTERM, a dynamic multi-regional computable general equilibrium model (CGE) of the Chinese economy, to analyze the economic impact of large hydropower development projects. The model features regional labor market dynamics and an electricity subdivision module with substitutability between various types of electricity generation. The results suggest that hydropower development will boost economic growth in the project region. Most sectors in the project region will benefit from the hydropower development such as other services, health, and education, while some sectors will suffer a loss in output because of the substantial increase in real wages. For the national, every 10,000 yuan investment can drive the national GDP growth of 1,000 yuan, and the cost is expected to be recovered in ten years. By the end of 2040, the real national wage will be around 0.16% higher than the baseline scenario. The project could only be justified if net environmental benefits outweigh this loss.


POPULATION ◽  
2021 ◽  
Vol 24 (3) ◽  
pp. 191-205
Author(s):  
Evgeny Vinokurov ◽  
Natalia Vinokurova

The article deals with the economic activity of the Russian population both in general and in the gender aspect. The main attention in the work is focused on the relationship between the economic activity of population and wages. The objectives of the work are, firstly, to identify differences in the behavior of men and women in the labor market in terms of economic activity, and, secondly, to test the hypothesis on the relationship between the economic activity of population and wages. The article provides an overview of the factors affecting the size of labor force and the level of participation in it, as well as statistical data reflecting male and female economic activity in modern Russia. Analysis of the labor activity dynamics leads to the conclusion that there are significant differences in male and female behavior in the labor market. The main cause of these differences is the traditional views of the population on the roles of men and women in society. Also the regression equations connecting the level of economic activity with the average real wage are determined both for the population of the Russian Federation as a whole, and for men and women separately. These equations can be considered as modified functions of the labor supply. Calculations have shown that, despite the general linear nature of the dependence of the economic activity level of population on real wages, its growth leads, ceteris paribus, to an accelerating increase in the activity of men and a slowing increase in the activity of women. The revealed low elasticity of labor supply functions indicates that any significant impact on the level of labor activity can only be provided by significant increase in real wages. First of all, the last statement applies to women.


2021 ◽  
Vol 5 (2) ◽  
pp. 118-145
Author(s):  
Tri Bayu Sanjaya

The Indonesian government expanded the zero-rated VAT regime on exports of services to include information and technology services, research and development services, and professional services and a number of other activities as stipulated in the Minister of Finance Regulation Number 32 Year 2019. This research projects economy-wide impacts of the policy with respect to information and technology services, research and development services, and professional services using the Global Trade Analysis Project (GTAP) model. Both short-run (i.e. fixed labour and capital) and longer-run (fixed labour with variable capital) economic environment is set to compare the results derived from two scenarios: elasticity scenario (i.e. rebating input VAT by 1%) and policy scenario (i.e. rebating input VAT by 4.57%). The main findings are that, although a majority of sectors are likely to contract in the short run due to the relocation of some resources in favour of business services, there is a likely long-run national economic benefit reflected by projected increases in export volume of business services, real wages, particularly for skilled labour, and real income.


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