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Labor Market Flexibility in Thirteen Latin American Countries and the United States Revisiting and Expanding Okun Coefficients by World Bank
  

Labor Market Flexibility in Thirteen Latin American Countries and the United States Revisiting and Expanding Okun Coefficients

Part of the World Bank Latin American & Caribbean Studies. Viewpoints Series

Synopsis

Labor Market Flexibility in Thirteen Latin American Countries and the United States Revisiting and Expanding Okun Coefficients by World Bank

Once again, the quick capacity to overcome economic difficulties in 1995 was insufficient to mark improvements on the labor field. -ILO-Latin America, Editorial, Labor Outlook 1996 For the first time, this volume compares labor market flexibility across countries in Latin America and the United States. The study uses two performance variables, a price variable measured by real wages and a quantity variable measured alternatively by either employment or unemployment. This paper looks into the structural relationship between output and these variables across 13 countries in Latin America and the United States for the last 20-30 years as a way of measuring the ability of the labor market to absorb output shocks.

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Book Info

Publication date

1st July 1999

Author

World Bank

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Publisher

World Bank Publications

Format

Paperback
76 pages

Categories

Labour economics

ISBN

9780821344897

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