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Autore: | Goretti Manuela |
Titolo: | Wage-Price Setting in New EU Member States / / Manuela Goretti |
Pubblicazione: | Washington, D.C. : , : International Monetary Fund, , 2008 |
Edizione: | 1st ed. |
Descrizione fisica: | 1 online resource (26 p.) |
Disciplina: | 331.2947 |
Soggetto topico: | Wages - Europe, Eastern - Econometric models |
Prices - Europe, Eastern - Econometric models | |
Labor | |
Production and Operations Management | |
Wages, Compensation, and Labor Costs: General | |
Demand and Supply of Labor: General | |
Human Capital | |
Skills | |
Occupational Choice | |
Labor Productivity | |
Labour | |
income economics | |
Macroeconomics | |
Real wages | |
Labor markets | |
Wages | |
Labor productivity | |
Labor costs | |
Labor market | |
Soggetto geografico: | Romania |
Note generali: | Description based upon print version of record. |
Nota di bibliografia: | Includes bibliographical references. |
Nota di contenuto: | Contents; I. Background; II. Wage- and Price-Setting Relations; III. Additional Considerations; Figures; 1. NMS: Relationship Between GDP and Private Consumption Deflator, 2000-07; IV. Stylized Facts on NMS; 2. NMS: Real Wages and Labor Productivity, 2001-07; 3. NMS: Nominal Wages and Labor Productivity, 2001-07; 4. NMS: Labor Force Developments, 2001-07; Tables; 1. NMS: Index of Competition Policy, 2001-07; 5. NMS: Unit Labor Costs and Consumer Price Inflation, 2001-07; V. Empirical Wage- and Price-Setting Equations; VI. Econometric Results; 2. EU-27: Long-Run Wage Equation Estimation |
3. EU-27: Wage Error Correction Model Estimation4. EU-27: Long-Run Price Equation Estimation; 5. EU-27: Price Error Correction Model Estimation; VII. Wage-Setting Variation Across NMS: Public Sector and Institutional Characteristics; 6. How Far Are Real Wages in NMS away from Equilibrium?; 7. NMS: Nominal Wage and Employment Growth in the Public Sector; 8. NMS: Excess Demand of Skilled Workers, 2004-06; 9. NMS: Union Density and Collective Bargaining; 6. NMS: Labor Flexibility, 2008; 10. NMS: Selected Labor Market Indicators, 2004-06; VIII. Conclusions; References | |
Sommario/riassunto: | This paper analyzes wage- and price-setting relations in new EU member countries. Panel estimates indicate a strong and significant relationship between real wages and labor productivity, as well as evidence of wage pass-through to inflation. Terms of trade shocks do not feed through to real wages. Country-specific wage developments, beyond differences in labor productivity growth, are mostly explained by real wage catch-up from different initial levels and different labor market conditions. Qualitative evidence also suggests that public sector wage demonstration effects and institutional factors may play a role in wage determination. |
Titolo autorizzato: | Wage-Price Setting in New EU Member States |
ISBN: | 1-4623-2148-8 |
1-4527-5714-3 | |
1-4518-7101-5 | |
1-282-84194-7 | |
9786612841941 | |
Formato: | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione: | Inglese |
Record Nr.: | 9910827081403321 |
Lo trovi qui: | Univ. Federico II |
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