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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.
Publish Date
2001
Language
English
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Subjects
Labor demand, Elasticity (Economics), Labor market, Labor supplyEdition | Availability |
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How comparable are labor demand elasticities across countries?
2001, World Bank, Latin America and the Caribbean Region, Poverty Reduction and Economic Management Sector Unit
Electronic resource
in English
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Book Details
Edition Notes
Includes bibliographical references (p. 20-21).
Title from title screen as viewed on Sept. 04, 2002.
"August 2001."
Also available in print.
Mode of access: World Wide Web.
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