Macroeconomic adjustment and the labor market in four Latin American countries (English)

Implicit in standard macroeconomics of adjustment is the assumption of well-integrated labor markets that are responsive to relative prices. But segmentation of the labor market is usually said to be an important source of labor market rigidities. In particular, if segmentation involves different degrees of real wage rigidity among different groups in the labor force, nominal devaluation may be ineffective and inequitable in its impact. This paper...

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Author

Lopez,Ramon E.;

Riveros,Luis Alfredo;
Document Date
1989/12/31
Document Type
Policy Research Working Paper
Report Number
WPS335
Volume No
1
Total Volume(s)
1
Country
Colombia, Chile, Argentina, Uruguay,
Region
Latin America and Caribbean,
Disclosure Date
2010/07/01
Doc Name
Macroeconomic adjustment and the labor market in four Latin American countries
Keywords
formal sector

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Citation

Lopez,Ramon E.; Riveros,Luis Alfredo.

Macroeconomic adjustment and the labor market in four Latin American countries (English). Policy, Planning and Research Department working papers ; no. WPS 335 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/964431468768607208

Macroeconomic adjustment and the labor market in four Latin American countries (English)

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