Exchange Rate Appreciations, Labor Market Rigidities, and Informality

Exchange Rate Appreciations, Labor Market Rigidities, and Informality

This paper works at the interface of the literature exploring the raison d'etre of the informal labor market and that explaining the real exchange rate appreciations occurring in many Latin American countries during periods of reform. The auth...

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Bibliographic Details
Main Authors:	Fiess, Norbert M., Fugazza, Marco, Maloney, William
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	BARRIERS TO ENTRY BUDGET CONSTRAINT CAPITAL INTENSIVE CAPITAL MARKETS CONCEPTUAL FRAMEWORK CONSUMERS CONSUMPTION GROWTH CONSUMPTION LEVELS DOWNWARD PRESSURES ELASTICITIES ELASTICITY ELASTICITY OF SUBSTITUTION EMPIRICAL ANALYSIS EMPIRICAL EVIDENCE EMPLOYMENT EQUILIBRIUM EXCHANGE RATE EXCHANGE RATE DEPRECIATION FOREIGN ASSETS FORMAL SECTOR GOVERNMENT REGULATION GROWTH RATE INDEXATION INFLATION INFORMAL SECTOR INTEREST RATE LABOR FORCE LABOR MARKET LABOR MARKETS MARGINAL COSTS MARGINAL PRODUCT MARGINAL PRODUCTIVITY MIGRATION MINIMUM WAGES NOMINAL EXCHANGE RATE PRODUCTION PRODUCTION FUNCTIONS PRODUCTION INCREASES PRODUCTIVITY PRODUCTIVITY GROWTH REAL EXCHANGE REAL EXCHANGE RATE REAL EXCHANGE RATES REAL INTEREST REAL INTEREST RATE RELATIVE PRICE STABILIZATION POLICIES SUBSTITUTION EFFECT TIME SERIES TRADABLE GOODS UTILITY FUNCTION WAGE RIGIDITIES WAGES
Online Access:	http://documents.worldbank.org/curated/en/2002/02/2874378/exchange-rate-appreciations-labor-market-rigidities-informality http://hdl.handle.net/10986/19335

Internet

http://documents.worldbank.org/curated/en/2002/02/2874378/exchange-rate-appreciations-labor-market-rigidities-informality
http://hdl.handle.net/10986/19335

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