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010   $a9786612842665
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100   $a20020129d2009      uf             0
101 0 $aeng
135   $aurcn|||||||||
181   $ctxt
182   $cc
183   $acr
200 10$aExchange Rates and Wages in an Integrated World /$fAntonio Spilimbergo, Prachi Mishra
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2009.
215   $a42 p
225 1 $aIMF Working Papers
300   $aBibliographic Level Mode of Issuance: Monograph
311   $a1-4519-1627-2 
320   $aIncludes bibliographical references.
330 3 $aWe analyze how the pass-through from exchange rate to domestic wages depends on the degree of integration between domestic and foreign labor markets. Using data from 66 countries over the period 1981?2005, we find that the elasticity of domestic wages to real exchange rate is 0.1 after a year for countries with high barriers to external labor mobility, but about 0.4 in countries with low barriers to mobility. The results are robust to the inclusion of various controls, different measures of exchange rates, and concepts of labor market integration. These findings call for including labor mobility in macro models of external adjustment.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2009/044
606   $aForeign exchange rates
606   $aForeign Exchange$2imf
606   $aLabor$2imf
606   $aEmigration and Immigration$2imf
606   $aInternational Migration$2imf
606   $aTrade and Labor Market Interactions$2imf
606   $aWage Level and Structure$2imf
606   $aWage Differentials$2imf
606   $aWages, Compensation, and Labor Costs: General$2imf
606   $aDemand and Supply of Labor: General$2imf
606   $aLabour$2imf
606   $aincome economics$2imf
606   $aCurrency$2imf
606   $aForeign exchange$2imf
606   $aMigration, immigration & emigration$2imf
606   $aExchange rates$2imf
606   $aWages$2imf
606   $aLabor markets$2imf
606   $aReal exchange rates$2imf
606   $aMigration$2imf
606   $aPopulation and demographics$2imf
606   $aLabor market$2imf
606   $aEmigration and immigration$2imf
607   $aUnited States$2imf
615  0$aForeign exchange rates.
615  7$aForeign Exchange
615  7$aLabor
615  7$aEmigration and Immigration
615  7$aInternational Migration
615  7$aTrade and Labor Market Interactions
615  7$aWage Level and Structure
615  7$aWage Differentials
615  7$aWages, Compensation, and Labor Costs: General
615  7$aDemand and Supply of Labor: General
615  7$aLabour
615  7$aincome economics
615  7$aCurrency
615  7$aForeign exchange
615  7$aMigration, immigration & emigration
615  7$aExchange rates
615  7$aWages
615  7$aLabor markets
615  7$aReal exchange rates
615  7$aMigration
615  7$aPopulation and demographics
615  7$aLabor market
615  7$aEmigration and immigration
700   $aSpilimbergo$b Antonio$0121228
701   $aMishra$b Prachi$01090676
712 02$aInternational Monetary Fund.
801  0$bDcWaIMF
906   $aBOOK
912   $a9910788339803321
996   $aExchange Rates and Wages in an Integrated World$93716449
997   $aUNINA