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Labour market flexibility in thirteen Latin American countrie and the United States : revisiting and expanding Okun coefficients
Autor: Anaya, José Antonio Gonzáles
Rok: 1999.
ISBN: 9780821344897
OKCZID: 110301333
Citace (dle ČSN ISO 690):
ANAYA, José Antonio Gonzáles. Labor market flexibility in thirteen Latin American countries and the United States: revisiting and expanding okun coefficients. 1st ed. Washington: The World Bank, 1999. x, 63 s. World Bank Latin American and Caribbean studies.
Hodnocení:
5.0 / 5
(6 hlasů)
Anotace
"Once again, the quick capacity to overcome economic difficulties in 1995 was insufficient to mark improvements on the labor field." -ILO-Latin America, Editorial, "Labor Outlook 1996" For the first time, this volume compares labor market flexibility across countries in Latin America and the United States. The study uses two performance variables, a price variable measured by real wages and a quantity variable measured alternatively by either employment or unemployment. This paper looks into the structural relationship between output and these variables across 13 countries in Latin America and the United States for the last 20-30 years as a way of measuring the ability of the labor market to absorb output shocks.