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This paper discusses five indicators of competitiveness: real exchange rates based on consumer price indices, export unit values of manufacturing goods, the relative price of traded to nontraded goods, normalized unit labor costs in manufacturing, and the ratio of normalized unit labor costs to value-added deflators in manufacturing. It discusses how each of these measures is associated with changes in a country’s balance of trade in goods and nonfactor services and examines the relationship among these indicators. It then examines the empirical performance of three of the indicators in terms of their ability to explain trade flows.
Exports and Imports --- Foreign Exchange --- Labor --- Macroeconomics --- Price Level --- Inflation --- Deflation --- Wages, Compensation, and Labor Costs: General --- Trade: General --- Currency --- Foreign exchange --- Labour --- income economics --- International economics --- Consumer price indexes --- Real exchange rates --- Labor costs --- Real effective exchange rates --- Exports --- Prices --- International trade --- Price indexes --- United States
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Canadian public pension plans are run on a "pay-as-you-go" basis. As the baby boom ages, contribution rates for the two main plans are projected to rise significantly, from their current level of around 5 percent of eligible earnings to over 13 percent by 2030. An alternative is to set contribution rates at their underlying long-term levels. Such a policy would imply a significant rise in current contribution rates, to 10-10½ percent of eligible earnings, but would allow the system to cope with the retirement of the baby boom generation without recourse to borrowing or significant increases in contribution rates.
Labor --- Public Finance --- Demography --- Social Security and Public Pensions --- Economics of the Elderly --- Economics of the Handicapped --- Non-labor Market Discrimination --- Nonwage Labor Costs and Benefits --- Private Pensions --- Wages, Compensation, and Labor Costs: General --- Health: General --- Pensions --- Labour --- income economics --- Population & demography --- Health economics --- Wages --- Pension spending --- Aging --- Health --- Expenditure --- Population and demographics --- Population aging --- Canada
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This paper examines the impacts on welfare, savings, labor supply, and the government budget of several possible reforms of the Polish pension and unemployment benefit systems. The framework of analysis is a life cycle simulation model of household consumption, labor supply and retirement decisions. The paper builds on past work by Perraudin and Pujol (1992). The present study focusses on the length of averaging periods in pension benefit calculations, measures to offset incentives to early retirement, and interactions between pension and unemployment benefit systems.
Labor --- Public Finance --- Nonwage Labor Costs and Benefits --- Private Pensions --- Social Security and Public Pensions --- Retirement --- Retirement Policies --- Wages, Compensation, and Labor Costs: General --- Unemployment: Models, Duration, Incidence, and Job Search --- Unemployment Insurance --- Severance Pay --- Plant Closings --- Pensions --- Labour --- income economics --- Pension spending --- Wages --- Unemployment --- Expenditure --- Poland, Republic of
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This paper assesses Germany's external competitive position from several angles. It first examines movements in several real exchange rate indices. The analysis of competitiveness is then supplemented by using the so-called constant market share approach, and finally by examining briefly both pressures on profit margins in the tradable goods sector as well as export prospects. A key conclusion of the analysis is that the deterioration of Germany's external competitiveness suggested by some commonly used indicators of the real appreciation of the deutsche mark, such as those based on relative unit labor costs in manufacturing, is generally exaggerated.
Exports and Imports --- Finance: General --- Labor --- Industries: Manufacturing --- Trade: General --- Empirical Studies of Trade --- Trade: Forecasting and Simulation --- Wages, Compensation, and Labor Costs: General --- Industry Studies: Manufacturing: General --- General Financial Markets: General (includes Measurement and Data) --- International economics --- Labour --- income economics --- Manufacturing industries --- Finance --- Labor costs --- Exports --- Manufacturing --- Export performance --- Competition --- International trade --- Economic sectors --- Financial markets --- Germany
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In many countries of the former Soviet Union, pensioners form a large and vulnerable group of the population, with pensions fixed in nominal terms. Attempts to “protect” this group have included a revaluation of benefits for retirees and the introduction of indexation arrangements based on recent wage and price growth. In this paper, lagged indexation arrangements are shown to have large destabilizing effects that can potentially jeopardize the macroeconomic adjustment effort, particularly as inflation begins to decelerate. Some long-term problems relating to the aging of the population and associated policies are also discussed. Illustrative examples from Belarus are presented.
Inflation --- Labor --- Public Finance --- Demography --- Social Security and Public Pensions --- Nonwage Labor Costs and Benefits --- Private Pensions --- Wages, Compensation, and Labor Costs: General --- Economics of the Elderly --- Economics of the Handicapped --- Non-labor Market Discrimination --- Price Level --- Deflation --- Pensions --- Labour --- income economics --- Population & demography --- Macroeconomics --- Pension spending --- Wages --- Aging --- Expenditure --- Population and demographics --- Prices --- Population aging --- Belarus, Republic of
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This Background Notes paper and Statistical Appendix presents a summary of the Croatian Tax System as of August 1994. The paper discusses the experience with incomes policies in Croatia. It highlights that incomes policy has played an important role in the Croatian stabilization program as the government has pursued the twofold objective of limiting costs in the public sector and of curbing the wage-price spiral. The paper briefly reviews developments in incomes policy and recent developments in real wages. It also describes the social safety net in Croatia.
Labor --- Public Finance --- Wages, Compensation, and Labor Costs: General --- Employment --- Unemployment --- Wages --- Intergenerational Income Distribution --- Aggregate Human Capital --- Aggregate Labor Productivity --- Nonwage Labor Costs and Benefits --- Private Pensions --- National Government Expenditures and Related Policies: General --- Social Security and Public Pensions --- Labour --- income economics --- Pensions --- Public finance & taxation --- Public expenditure review --- Pension spending --- Expenditure --- Economic theory --- Expenditures, Public --- Croatia, Republic of
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614.7 --- Environmental policy --- -Environmental policy --- -AA / International- internationaal --- 305.8 --- 351.2 --- 355 --- Environment and state --- Environmental control --- Environmental management --- Environmental protection --- Environmental quality --- State and environment --- Environmental auditing --- Pollutie van lucht, water, grond--(openbare gezondheidszorg) --- Costs --- Research --- Econometrie van de investeringen, het gedrag van de onderneming. --- Openbare gezondheid. Milieubescherming. Milieuvervuiling. --- Milieu --- Government policy --- Costs. --- Research. --- AA / International- internationaal --- Environmental policy research --- Econometrie van de investeringen, het gedrag van de onderneming --- Openbare gezondheid. Milieubescherming. Milieuvervuiling
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This paper uses a Ricardian framework to clarify the role of microeconomic and macroeconomic factors governing the time series and cross-section behavior of sectoral trade balances. Unit labor costs and trade balances are calculated for several sectors for the seven major industrial countries. The time series and cross-section variation in sectoral unit labor costs is decomposed into relative productivity, wage differentials, and exchange rate variations. The main findings are that changes over time in sectoral trade balances, especially for the United States and Japan, are quite well explained by the evolution of unit labor cost, suggesting that trade patterns conform to comparative advantage. The cross-section results are, however, less conclusive.
Exports and Imports --- Labor --- Industries: Manufacturing --- Production and Operations Management --- Wages, Compensation, and Labor Costs: General --- Empirical Studies of Trade --- Industry Studies: Manufacturing: General --- Neoclassical Models of Trade --- Production --- Cost --- Capital and Total Factor Productivity --- Capacity --- Current Account Adjustment --- Short-term Capital Movements --- Labour --- income economics --- International economics --- Manufacturing industries --- Macroeconomics --- Labor costs --- Trade balance --- Manufacturing --- Comparative advantage --- Total factor productivity --- International trade --- Economic sectors --- Wages --- Balance of trade --- Industrial productivity --- United States
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Should India build a new steel mill, or London an urban motorway? Should higher education expand, or water supplies be improved? These are typical questions about which cost-benefit analysis has something to say. It is the main tool that economics provides for analysing problems of social choice. It also provides a useful vehicle for understanding the practical value of welfare economics. This new book of readings covers all the main problems that arise in a typical cost-benefit exercise. It is entirely up-to-date, reflecting the most recent research in the area. Part I covers the main theoretical issues affecting cost-benefit analysis. Part II considers the problem of ascribing a monetary value to things. The third part covers six separate case studies drawn from real-life examples. The book begins with an extended elementary introduction written by the editors.
Cost effectiveness --- 338.26 --- 658.1552 --- 339.312.2 --- 339.312.7 --- AA / International- internationaal --- Benefit cost analysis --- Capital output ratios --- Cost benefit analysis --- Costs, Industrial --- Engineering economy --- Value analysis (Cost control) --- 338.26 Economische planning. Nationale plannen. Ontwikkelingsplannen. Meerjarenplannen. Plattelandsontwikkeling. Rural development. Kosten-batenanlyse --- Economische planning. Nationale plannen. Ontwikkelingsplannen. Meerjarenplannen. Plattelandsontwikkeling. Rural development. Kosten-batenanlyse --- Maatstaven voor de beslissingen van investeringen --- Kosten en rentabiliteit van de investeringen --- Microeconomics --- Social costs. Social benefits --- Cost effectiveness. --- Social Sciences and Humanities. Management studies, Business Administration, Organizational Science --- Business Economics. --- Coût-efficacité --- Business, Economy and Management --- Economics
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