03483oam 22009134 450 991016503670332120230809222754.01-4755-7041-41-4755-7043-0(CKB)3710000001064742(MiAaPQ)EBC4807085(IMF)WPIEA2017009(EXLCZ)99371000000106474220020129d2017 uf 0engurcnu||||||||rdacontentrdamediardacarrierPrice and Wage Flexibility in Hong Kong SAR /Si GuoWashington, D.C. :International Monetary Fund,2017.1 online resource (20 pages) color illustrations, tables, graphsIMF Working Papers1-4755-7039-2 Includes bibliographical references.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.IMF Working Papers; Working Paper ;No. 2017/009WagesGreat BritainWagesChinaHong KongWagesUnited StatesLaborimfMacroeconomicsimfWage Level and StructureimfWage DifferentialsimfPrice LevelimfInflationimfDeflationimfWages, Compensation, and Labor Costs: GeneralimfLabor Economics: GeneralimfDemand and Supply of Labor: GeneralimfLabourimfincome economicsimfWagesimfWage adjustmentsimfLabor marketsimfPrice adjustmentsimfPricesimfLabor economicsimfLabor marketimfHong Kong Special Administrative Region, People's Republic of ChinaimfWagesWagesWagesLaborMacroeconomicsWage Level and StructureWage DifferentialsPrice LevelInflationDeflationWages, Compensation, and Labor Costs: GeneralLabor Economics: GeneralDemand and Supply of Labor: GeneralLabourincome economicsWagesWage adjustmentsLabor marketsPrice adjustmentsPricesLabor economicsLabor market331.294109047Guo Si1375112DcWaIMFBOOK9910165036703321Price and wage flexibility in Hong Kong SAR3409217UNINA