Exchange Rates and Wages in an Integrated World / / Antonio Spilimbergo, Prachi Mishra

• Autore: Spilimbergo Antonio
• Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2009
• Descrizione fisica: 42 p
• Soggetto topico: Foreign exchange rates; Foreign Exchange; Labor; Emigration and Immigration; International Migration; Trade and Labor Market Interactions; Wage Level and Structure; Wage Differentials; Wages, Compensation, and Labor Costs: General; Demand and Supply of Labor: General; Labour; income economics; Currency; Foreign exchange; Migration, immigration & emigration; Exchange rates; Wages; Labor markets; Real exchange rates; Migration; Population and demographics; Labor market; Emigration and immigration
• Soggetto geografico: United States
• Altri autori: MishraPrachi
• Note generali: Bibliographic Level Mode of Issuance: Monograph
• Nota di bibliografia: Includes bibliographical references.
• Sommario/riassunto: We 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.
• Titolo autorizzato: Exchange Rates and Wages in an Integrated World
• ISBN: 1-4623-3862-3; 1-4519-9030-8; 1-4518-7192-9; 9786612842665; 1-282-84266-8
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910788339803321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers; Working Paper ; ; No. 2009/044