The Fall of Wage Flexibility : Labor Markets and Business Cycles in Latin America and the Caribbean since the 1990s

This study explores how labor markets have adjusted to temporary business cycle fluctuations since (at least) the 1990s. It focuses on how changes in macroeconomic conditions affect the evolving nature of labor-market adjustments on the other hand....

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Bibliographic Details
Main Authors:	Lederman, D., Maloney, W.F., Messina, J.
Format:	Report
Language:	English en_US
Published:	World Bank, Washington, DC 2016
Subjects:	ACCOUNTING AUTOREGRESSION AVERAGE WAGES BARGAINING POWER BENCHMARK BENCHMARKS BUSINESS CYCLE BUSINESS CYCLES COMPETITIVENESS CONSUMER PRICE INDEX CPI CRISES DECENTRALIZATION DEMAND CURVE DEVELOPED COUNTRIES DEVELOPMENT POLICIES DISINFLATION EARNING ECONOMIC ACTIVITY ECONOMIC DOWNTURNS ECONOMIC FLUCTUATIONS ECONOMIC SHOCK ECONOMIC SHOCKS EFFICIENCY OF LABOR ELASTICITY EMPIRICAL STUDIES EMPLOYEE EMPLOYMENT EMPLOYMENT MEASURE EMPLOYMENT SECURITY ENTITLEMENTS ENVIRONMENTS ESTIMATED PROBABILITY EXCHANGE RATES EXPORTS FINANCIAL CRISIS FIRING COSTS FIRING RESTRICTIONS FIRM LEVEL FIRM PRODUCTIVITY FIRM SIZE FORECASTS FORMAL SECTOR WAGES FUTURE RESEARCH GDP GROWTH RATE HOUSEHOLD SURVEY INCOME INCOME RISK INCOME SHOCKS INDEXATION INDUSTRY WAGES INFLATION INFLATION RATE INFLATION RATES INFORMAL EMPLOYMENT INFORMAL SECTOR INSURANCE INTERNATIONAL TRADE JOB CREATION JOB MATCHES JOB SEEKERS JOBS LABOR CONTRACTS LABOR COSTS LABOR FORCE LABOR INCOME LABOR MARKET LABOR MARKET ADJUSTMENT LABOR MARKET INDICATOR LABOR MARKET INSTITUTIONS LABOR MARKET REGULATIONS LABOR MARKET RIGIDITIES LABOR MARKETS LABOR POLICIES LABOR TURNOVER LAYOFF LAYOFFS MACROECONOMIC CONDITIONS MACROECONOMIC PERFORMANCE MACROECONOMIC POLICIES MACROECONOMIC STABILIZATION MACROECONOMICS MANDATED BENEFITS MIDDLE INCOME MIDDLE INCOME COUNTRY MINIMUM WAGE MINIMUM WAGES MONETARY POLICY NOMINAL WAGES OPEN ECONOMY PREVIOUS JOB PRIVATE SECTOR PRIVATE SECTOR WORKERS PRODUCTIVITY DATA REAL WAGE REAL WAGES RECESSION RECESSIONARY PERIODS RETIREMENT RIGID WAGES RISK AVERSE SAFETY SAFETY NET SAFETY NETS SALARIED WORKERS SELF EMPLOYED SMALL BUSINESSES TERMS OF TRADE TROUGH UNEMPLOYED UNEMPLOYED WORKERS UNEMPLOYMENT UNEMPLOYMENT RATE UNION DENSITY UNSKILLED WORKERS URBAN EMPLOYMENT URBAN EMPLOYMENT SURVEY WAGE ADJUSTMENT WAGE BARGAINING WAGE BILL WAGE DATA WAGE FLEXIBILITY WAGE FLOOR WAGE GROWTH WAGE INCREASE WAGE INCREASES WAGE NEGOTIATIONS WAGE RIGIDITIES WAGE RIGIDITY WORKER WORKERS WORKING HOURS YOUNGER WORKERS
Online Access:	http://documents.worldbank.org/curated/en/2011/09/16632915/fall-wage-flexibility-labor-markets-business-cycles-latin-america-caribbean-1990s http://hdl.handle.net/10986/23575

Internet

http://documents.worldbank.org/curated/en/2011/09/16632915/fall-wage-flexibility-labor-markets-business-cycles-latin-america-caribbean-1990s
http://hdl.handle.net/10986/23575

The Fall of Wage Flexibility : Labor Markets and Business Cycles in Latin America and the Caribbean since the 1990s

Internet

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