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Labor Market Flexibility in Thirteen Latin American Countries and the United States

- Revisiting and Expanding Okun Coefficients

About Labor Market Flexibility in Thirteen Latin American Countries and the United States

Studies labor market flexibility in 13 Latin American countries since the 1960s and 1970s by looking at the sensitivity of employment and unemployment, and real wages with respect to output. It finds that price stabilization has brought real-wage stability, but that it has tended to increase uncertainty of job security.

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  • Language:
  • English
  • ISBN:
  • 9780821344897
  • Binding:
  • Paperback
  • Pages:
  • 76
  • Published:
  • June 30, 1999
  • Dimensions:
  • 280x210x4 mm.
Delivery: 1-2 weeks
Expected delivery: December 13, 2024
Extended return policy to January 30, 2025

Description of Labor Market Flexibility in Thirteen Latin American Countries and the United States

Studies labor market flexibility in 13 Latin American countries since the 1960s and 1970s by looking at the sensitivity of employment and unemployment, and real wages with respect to output. It finds that price stabilization has brought real-wage stability, but that it has tended to increase uncertainty of job security.

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