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100   $a20100902d2009      uf         0
101 0 $aeng
135   $aurcn|||||||||
181   $ctxt
182   $cc
183   $acr
200 10$aExchange rates and wages in an integrated world /$fPrachi Mishra and Antonio Spilimbergo
205   $a1st ed.
210   $a[Washington, D.C.] $cInternatioanl Monetary Fund$d2009
215   $a42 p
225 1 $aIMF working paper ;$vWP/09/44
300   $aBibliographic Level Mode of Issuance: Monograph
311   $a1-4519-1627-2 
320   $aIncludes bibliographical references.
327   $aIntro -- Contents -- I. Introduction -- II. Exchange Rates and Labor Mobility: Theoretical Framework -- III. Empirical Specification -- IV. Data -- V. Results for Sending Countries -- VI. Results for Receiving Country-The Case of the U.S. -- VII. Exchange Rate and Migration -- VIII. Conclusions -- Tables -- 1. Effect of Exchange Rates on Wages -- 2. Effect of Exchange Rates on Wages-Interaction with Labor Market Integration -- 3. Effect of Exchange Rates on Wages-Interaction with Labor Market Integration: Alternative Measures of Exchange Rates -- 4. Effect of Exchange Rates on Wages-Interaction with Other Measures of Integration -- 5. Effect of Exchange Rates on Wages-Interactions-Developing Countries -- 6. Effect of Exchange Rates on Wages-Migrants Defined by Foreign-Born -- 7. Effect of Exchange Rates on Wages-Interaction with Labor Market Integration - Control for Composition of Trade -- 8. Effect of Exchange Rates on Wages-Alternative Sources of Data on Wages -- 9. Effect of Exchange Rates on Wages-Low and High Skill Wages -- 10. Effect of Exchange Rates on U.S. Immigrant Wages-Interactions -- 11. Effect of Exchange Rates on Migration -- Figure -- 1. Depreciation of Exchange Rate and Wages -- References -- Appendix -- Appendix tables -- 1. Countries in Sample and Top Destination Countries, 1981-2005 -- 2. Years in Sample, 1981-2005 -- 3. Summary Statistics -- 4. Panel Unit Root Test -- 5. Effect of Exchange Rates on Wages: Migrants Defined by Foreign-Born: Sample-Selection -- 6. List of Occupations: Freeman-Oostendorp Occupational Wages Around the World Database -- 7. Effect of Exchange Rates on U.S. Immigrant Wages-Interactions: Sample Selection.
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 paper ;$vWP/09/44.
606   $aForeign exchange rates
615  0$aForeign exchange rates.
676   $a332.15201
700   $aMishra$b Prachi$f1975-$01090676
701   $aSpilimbergo$b Antonio$0121228
712 02$aInternational Monetary Fund.
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910810973103321
996   $aExchange Rates and Wages in an Integrated World$94089209
997   $aUNINA