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150128 ||| eng |
| 020 |
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|a 9781451871920
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| 100 |
1 |
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|a Spilimbergo, Antonio
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| 245 |
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0 |
|a Exchange Rates and Wages in an Integrated World
|c Antonio Spilimbergo, Prachi Mishra
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2009
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| 300 |
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|a 44 pages
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| 651 |
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4 |
|a United States
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| 653 |
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|a Migration
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| 653 |
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|a Labour
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| 653 |
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|a International Migration
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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 Migration, immigration & emigration
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| 653 |
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|a Labor markets
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| 653 |
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|a Emigration and immigration
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| 653 |
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|a Currency
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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 Labor
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| 653 |
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|a Population and demographics
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| 653 |
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|a Foreign Exchange
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| 653 |
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|a Wage Level and Structure
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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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| 653 |
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|a Real exchange rates
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| 653 |
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|a Wage Differentials
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| 653 |
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|a Exchange rates
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| 653 |
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|a Emigration and Immigration
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| 653 |
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|a Trade and Labor Market Interactions
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| 653 |
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|a Foreign exchange
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| 653 |
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|a Income economics
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| 700 |
1 |
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|a Mishra, Prachi
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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 |
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|a IMF Working Papers
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| 028 |
5 |
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|a 10.5089/9781451871920.001
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| 856 |
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|u https://elibrary.imf.org/view/journals/001/2009/044/001.2009.issue-044-en.xml?cid=22743-com-dsp-marc
|x Verlag
|3 Volltext
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|a 330
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| 520 |
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|a We analyze how the pass-through from exchange rate to domestic wages depends on the degree of integration between domestic and foreign labor markets. Using data from 66 countries over the period 1981–2005, we find that the elasticity of domestic wages to real exchange rate is 0.1 after a year for countries with high barriers to external labor mobility, but about 0.4 in countries with low barriers to mobility. The results are robust to the inclusion of various controls, different measures of exchange rates, and concepts of labor market integration. These findings call for including labor mobility in macro models of external adjustment
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