Labour Markets and Wages Policies During Economic Transition

Labour Markets and Wages Policies during Economic Transition

Financial Markets and Wages

We study a labour market equilibrium model in which firms sign optimal long-term contracts with workers. Firms that are financially constrained offer an increasing wage profile: they pay lower wages today in exchange for higher future wages once they become unconstrained. Because constrained firms grow faster, the model predicts a positive correlation between the growth of wages and the growth ...

Globalisation and Labour Markets Research Paper 2005 / 11 Migration , Trade and Wages

This study adopts a GNP function approach in order to examine the impact of migrant labour on domestic factors of production in the United Kingdom. We also examine the relationship between imports and migrants, which are two different facets of globalisation. We find that an increase in the number of unskilled migrants reduces the wages of unskilled domestic workers. However the quantitative im...

Globalisation and Labour Markets Research Paper 2008 / 22 Services Offshoring and Wages : Evidence from Micro Data

This paper investigates the effects of services offshoring on wages using individual level data combined with industry information on offshoring. Our results show that services offshoring affects the real wage of low and medium skilled individuals negatively. By contrast, skilled workers benefit from services offshoring in terms of higher real wages. Hence, offshoring has contributed to a widen...

International Labour Migration, Economic Growth and Labour Markets: the Current State of Affairs

The second half of the 20 century has seen major shifts in the nature and the extent of worldwide migration. While the classical immigration countries such as the United States have remained major receiving areas, their sources of immigration have changed substantially, away from the traditional European sources to Latin America and Asia. At the same time, many societies in Europe have been tra...