Wage misalignment in CFA countries: are labor market policies to blame? (English)

It seems natural to attribute to wage rigidity (stemming from highly distortionary labor policies) the over-valuation of the CFA (Communaute Financiere Africaine) franc after the negative external shocks of the 1980s. Using a variety of data sources, the author assesses the actual rigidity of wages in CFA countries and the relationship of wage rigidity to labor policies. He shows that: a) Workers' wages are higher in CFA countries than in similar...

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Author

Rama, Martin G.;
Document Date
1998/01/31
Document Type
Policy Research Working Paper
Report Number
WPS1873
Volume No
1
Total Volume(s)
1
Country
Benin, Senegal, Cameroon, Burkina Faso, Chad, Congo, Republic of, Cote d'Ivoire, Togo, Mali, Central African Republic, Gabon,
Region
Western and Central Africa,
Disclosure Date
2010/07/01
Disclosure Status
Disclosed
Doc Name
Wage misalignment in CFA countries: are labor market policies to blame?
Keywords
aggregate demand

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Citation

Rama, Martin G..

Wage misalignment in CFA countries: are labor market policies to blame? (English). Policy, Research working paper|no. WPS 1873 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/957611468004484935

Wage misalignment in CFA countries: are labor market policies to blame? (English)

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