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Record Nr. |
UNINA9910165036703321 |
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Autore |
Guo Si |
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Titolo |
Price and Wage Flexibility in Hong Kong SAR / / Si Guo |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2017 |
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ISBN |
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9781475570410 |
1475570414 |
9781475570434 |
1475570430 |
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Descrizione fisica |
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1 online resource (20 pages) : color illustrations, tables, graphs |
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Collana |
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Disciplina |
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Soggetti |
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Wages - Great Britain |
Wages - China - Hong Kong |
Wages - United States |
Labor |
Macroeconomics |
Wage Level and Structure |
Wage Differentials |
Price Level |
Inflation |
Deflation |
Wages, Compensation, and Labor Costs: General |
Labor Economics: General |
Demand and Supply of Labor: General |
Labour |
income economics |
Wages |
Wage adjustments |
Labor markets |
Price adjustments |
Prices |
Labor economics |
Labor market |
Income economics |
Hong Kong Special Administrative Region, People's Republic of China |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Nota di bibliografia |
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Includes bibliographical references. |
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Sommario/riassunto |
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The paper assesses the price and wage flexibility in Hong Kong SAR. At the aggregate level, it compares Hong Kong SAR with the United States, the United Kingdom and Singapore by examining the three commonly used macroeconomic relationships among inflation, unemployment, wage growth, and output fluctuations. At the industry level, the paper compares the distributions of labor earnings and price growth in Hong Kong SAR and the United States. It further estimates a model of wage formation under downward nominal wage rigidity to compare the extent of wage rigidity in Hong Kong SAR and the United States. Overall, the comparisons show that broadly speaking, price and wage adjustments are more flexible in Hong Kong SAR than other economies. |
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