How comparable are labor demand elasticities across countries?
Even accounting for the large variance induced by different estimation techniques, one probably cannot say much about the flexibility of different labor markets based on comparisons of the estimated elasticity of demand. Colombia, for example, which has severe restrictions on firing workers, has muc...
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| Format: | eBook |
| Language: | English |
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Washington, D.C
World Bank, Latin America and the Caribbean Region, Poverty Reduction and Economic Management Sector Unit
2001
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| Series: | Policy research working paper
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| Collection: | World Bank E-Library Archive - Collection details see MPG.ReNa |
| Summary: | Even accounting for the large variance induced by different estimation techniques, one probably cannot say much about the flexibility of different labor markets based on comparisons of the estimated elasticity of demand. Colombia, for example, which has severe restrictions on firing workers, has much higher long-run wage elasticities than Chile, which has no such restrictions |
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| Item Description: | "August 2001. - Includes bibliographical references (p. 20-21). - Title from title screen as viewed on Sept. 04, 2002 |