Download e-book for kindle: Adjustment Policies, Poverty, and Unemployment: The IMMPA by Pierre-Richard Agenor, Alejandro Izquierdo, Henning Tarp

By Pierre-Richard Agenor, Alejandro Izquierdo, Henning Tarp Jensen

ISBN-10: 1405136332

ISBN-13: 9781405136334

ISBN-10: 1405171391

ISBN-13: 9781405171397

Pierre-Richard Agenor's pioneering paintings on built-in Macroeconomics versions for Poverty research (IMMPA) is cataloged for the 1st time during this must-read volume.A category of dynamic computable basic equilibrium types, IMMPA versions are designed to research the impression of adjustment guidelines on unemployment and poverty within the constructing international. together with either papers initially circulated throughout the international financial institution, in addition to new fabric that locations this significant paintings in its better context, Adjustment regulations, Poverty, and Unemployment information the heritage and makes use of of those types to this point, in addition to pointing to destiny advancements for his or her usage.

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Fischer (1988) examined the role of ex post wage indexation in the conduct of disinflation programs. See Agénor (1996) for a further discussion. 15 See Dornbusch, Sturzenegger, and Wolf (1990), and Parkin (1991). AGENOR: “CHAP01” — 2006/11/9 — 12:35 — PAGE 19 — #12 20 Chapter 1 have enacted legislation aimed at either curbing wage indexation or at changing the mechanisms through which wages are indexed. Some countries (particularly in Latin America) have prohibited all types of indexation, including wage and pension indexation.

10 High turnover rates appear to characterize only workers with low human capital and low wages. 7 percentage points. The evidence also suggests that, in some countries, high firing costs for permanent employees increased firms’ incentives to hire workers on temporary contracts. In India, for instance, legislation was passed in the mid-1970s making it illegal for a firm with more than 100 employees to lay off workers without the authorization of the state governor. Regulations such as these encouraged the use of casual labor and subcontracting (see Besley and Burgess (2004)).

14 Carmichael, Fahrer, and Hawkins (1985) provided a detailed discussion of wage indexation rules in an open-economy context; see also van Gompel (1994). Most of the analytical literature focuses on the role of ex ante indexation. In practice, wage indexation is often ex post, with current wages adjusting to past changes in prices. Fischer (1988) examined the role of ex post wage indexation in the conduct of disinflation programs. See Agénor (1996) for a further discussion. 15 See Dornbusch, Sturzenegger, and Wolf (1990), and Parkin (1991).

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Adjustment Policies, Poverty, and Unemployment: The IMMPA Framework by Pierre-Richard Agenor, Alejandro Izquierdo, Henning Tarp Jensen


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