The objectives of this paper are : (i) to empirically probe on the validity of the hypothesis that wages are relatively unresponsive to labor market disequlibrium; and (ii) to investigate whether the dramatically diverse rates of unemployment observed across certain Latin American countries obey fundamentally different wage dynamics or are the product of diversity in labor market distortions and other labor market policies. The indications found are...
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INFORMATION
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1988/09/30
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Document de travail de recherche sur les politiques
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WPS85
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1
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1
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2010/07/01
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Wage responsiveness and labor market disequilibrium
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short run macroeconomic fluctuation
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