| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7173 |
| DP7173 Large Employers Are More Cyclically Sensitive | |
| Giuseppe Moscarini; Fabien Postel-Vinay | |
| 发表日期 | 2009-02-23 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | We analyze how the pass-through from exchange rate to domestic wages depends on the degree of integration between domestic and foreign labor markets. Using data from 66 countries over the period 1981?2005, we find that the elasticity of domestic wages to real exchange rate is 0.1 after a year for countries with high barriers to external labor mobility, but about 0.4 in countries with low barriers to mobility. The results are robust to the inclusion of various controls, different measures of exchange rates, and concepts of labor market integration. These findings call for including labor mobility in macro models of external adjustment. |
| 主题 | International Macroeconomics ; International Trade and Regional Economics |
| 关键词 | Migration Exchange rates Labor market integration |
| URL | https://cepr.org/publications/dp7173 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/536010 |
| 推荐引用方式 GB/T 7714 | Giuseppe Moscarini,Fabien Postel-Vinay. DP7173 Large Employers Are More Cyclically Sensitive. 2009. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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