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150128 ||| eng |
| 020 |
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|a 9781451850161
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| 100 |
1 |
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|a Santaella, Julio
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| 245 |
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0 |
|a Efficiency Wages and Labor Mobility in an Open Economy
|c Julio Santaella, Pierre-Richard Agénor
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 1993
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| 300 |
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|a 40 pages
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| 653 |
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|a Labor Economics: General
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| 653 |
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|a Labor markets
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| 653 |
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|a Demand and Supply of Labor: General
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| 653 |
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|a Real wages
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| 653 |
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|a Labor economics
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| 653 |
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|a Labor Demand
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| 653 |
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|a Aggregate Labor Productivity
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| 653 |
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|a Unemployment
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| 653 |
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|a Wages, Compensation, and Labor Costs: General
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Labour
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| 653 |
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|a Intergenerational Income Distribution
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| 653 |
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|a Income economics
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| 653 |
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|a Labor
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| 653 |
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|a Aggregate Human Capital
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| 653 |
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|a Employment
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| 653 |
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|a Economic theory
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| 653 |
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|a Labor market
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| 653 |
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|a Wages
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| 700 |
1 |
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|a Agénor, Pierre-Richard
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Working Papers
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| 028 |
5 |
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|a 10.5089/9781451850161.001
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| 856 |
4 |
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|u https://elibrary.imf.org/view/journals/001/1993/079/001.1993.issue-079-en.xml?cid=867-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|a The paper analyzes the role of labor market segmentation and relative wage rigidity in the transmission process of macroeconomic shocks in a two-sector optimizing model of a small open economy. The analysis is first conducted in the context of perfect intersectoral labor mobility. The discussion is then extended to consider the existence of short-run constraints on labor movements. The results highlight the role of efficiency considerations in the behavior of sectoral wages. A deflationary policy induces a reallocation of labor across sectors, but has no long-run effect on the unemployment rate
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