Title of article
Financial crisesandlabormarketturbulence
Author/Authors
Sangeeta Pratap، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2011
Pages
15
From page
601
To page
615
Abstract
Financialcrisesinemergingmarketstriggerasignificantreallocationoflaboras
exchangeratedepreciationsandinterestrateincreasescauserelativepricestochange
drastically.HouseholdsurveydataforMexicorevealthatindividualswhoswitched
industryoroccupationduringthe1994–1995crisislostabout10%oftheirhourly
earningsonaveragecomparedtosimilarworkerswhodidnotmove.Thissuggeststhat
many workersbecamelessproductiveintheprocessofmigratingtodifferenteconomic
activities.Theseproductivitylosses,inturn,canexplainabout40%oftheobservedfall
in TFPinMexicoin1995
Journal title
Journal of Monetary Economics
Serial Year
2011
Journal title
Journal of Monetary Economics
Record number
846497
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