Adjustment policies, poverty, and unemployment : the IMMPA framework /

Adjustment policies, poverty, and unemployment : the IMMPA framework /

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Bibliographic Details
Imprint:Malden, MA : Blackwell Pub., 2007.
Description:xii, 543 p. : ill. ; 24 cm.
Language:English
Subject:
Structural adjustment (Economic policy) -- Developing countries -- Econometric models.
Poverty -- Econometric models -- Developing countries.
Unemployment -- Developing countries -- Econometric models.
Macroeconomics -- Econometric models.
Economic policy -- Econometric models.
Macroeconomics -- Econometric models.
Poverty -- Econometric models.
Structural adjustment (Economic policy) -- Econometric models.
Unemployment -- Econometric models.
Developing countries -- Economic policy -- Econometric models.
Developing countries.
Format: Print Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/6250963
Hidden Bibliographic Details
Other authors / contributors:Agénor, Pierre-Richard.
Izquierdo, Alejandro, 1964-
Jensen, Henning Tarp.
ISBN:1405136332 (hardcover : alk. paper)
9781405136334 (hardcover : alk. paper)
Notes:Includes bibliographical references (p. [519]-543).
Table of Contents:
  • Acknowledgments
  • About the Editors
  • Introduction and Overview
  • 1. The Analytics of Segmented Labor Markets
  • 1.1. Overview of Labor Markets
  • 1.1.1. Basic Structure
  • 1.1.2. Composition of Employment
  • 1.1.3. Public Sector Pay and Employment
  • 1.1.4. Labor Market Institutions and Regulations
  • 1.1.5. Unemployment
  • 1.2. Urban Labor Mobility and the Harris-Todaro Framework
  • 1.3. Wage Formation in the Formal Sector
  • 1.3.1. Efficiency Wages
  • 1.3.2. Trade Unions
  • 1.3.3. Bilateral Bargaining
  • 1.3.4. Job Search
  • 1.3.5. Adverse Selection Models
  • 1.4. A Shirking Model with Segmented Markets
  • 1.4.1. The Economy
  • 1.4.2. Equilibrium with Skilled Unemployment
  • 1.4.3. Labor Mobility and Unskilled Unemployment
  • 1.4.4. Increase in the Minimum Wage
  • 1.5. Concluding Remarks
  • Appendix. The Impact of a Change in the Minimum Wage
  • 2. The Macroeconomics of Poverty Reduction
  • 2.1. A Distorted Agenda
  • 2.1.1. A Topic Neglected by Macroeconomists
  • 2.1.2. An Excessive Focus on Micro Aspects and Measurement Issues
  • 2.13. The Confusion over "Pro-Poor Growth"
  • 2.2. Transmission of Macro Shocks to the Poor
  • 2.2.1. The Central Role of the Labor Market
  • 2.2.2. Changes in Aggregate Demand
  • 2.2.3. Expenditure Deflators and Inflation
  • 2.2.4. The Real Exchange Rate and the Supply Side
  • 2.2.5. Macroeconomic Volatility
  • 2.2.6. Growth and Distributional Effects
  • 2.2.7. Recessions and Crises: Asymmetric Effects
  • 2.3. Theoretical Models for Poverty Analysis
  • 2.3.1. A Two-Household Framework
  • 2.3.2. Equilibrium
  • 2.3.3. Cut in Government Spending
  • 2.4. Some Research Directions
  • 2.4.1. Poverty Traps
  • 2.4.2. Asymmetric Effects of Output Shocks
  • 2.4.3. Welfare Costs of Macroeconomic Volatility
  • 2.4.4. Unemployment-Poverty Trade-offs
  • 2.4.5. Can Redistribution Hurt the Poor?
  • 2.5. Concluding Remarks
  • Appendix A. Asymmetric Effects of Output Shocks
  • Appendix B. Dynamic Structure and Stability Conditions
  • 3. The Mini Integrated Macroeconomic Model for Poverty Analysis
  • 3.1. Structure of Mini-IMMPA
  • 3.1.1. Production
  • 3.1.2. The Labor Market
  • 3.1.3. Supply and Demand
  • 3.1.4. External Trade
  • 3.1.5. Prices
  • 3.1.6. Profits and Income
  • 3.1.7. Private Consumption and Savings
  • 3.1.8. Private Investment
  • 3.1.9. Public Sector
  • 3.1.10. Balance of Payments
  • 3.1.11. Poverty and Distributional Effects
  • 3.2. Policy Experiments
  • 3.2.1. Reduction in the Minimum Wage
  • 3.2.2. Cut in Payroll Taxes on Unskilled Labor
  • 3.3. Conclusions
  • Appendix. Calibration and Parameter Values
  • 4. Unemployment and Labor Market Policies in Morocco
  • 4.1. The Labor Market in Morocco
  • 4.1.1. Basic Structure
  • 4.1.2. Employment, Unemployment, and the Returns to Education
  • 4.1.3. Regulatory and Institutional Features
  • 4.1.4. Wage Flexibility
  • 4.1.5. Domestic and International Labor Migration
  • 4.1.6. Constraints and Challenges
  • 4.2. A Quantitative Framework
  • 4.2.1. Production
  • 4.2.2. Wages, Employment, Migration, and Skills Acquisition
  • 4.2.3. Supply and Demand
  • 4.2.4. External Trade
  • 4.2.5. Prices
  • 4.2.6. Profits and Income
  • 4.2.7. Consumption, Savings, and Investment
  • 4.2.8. Government
  • 4.2.9. Balance of Payments
  • 4.3. Policy Experiments
  • 4.3.1. Cut in the Minimum Wage
  • 4.3.2. Reduction in Payroll Taxes on Unskilled Labor
  • 4.4. Concluding Remarks
  • Appendix. Calibration and Parameter Values
  • 5. The Complete IMMPA Framework for Low-Income Countries
  • 5.1. Model Structure
  • 5.1.1. Production
  • 5.1.2. Wage Formation, Employment, Migration, and Skills Acquisition
  • 5.1.3. Supply and Demand
  • 5.1.4. External Trade
  • 5.1.5. Prices
  • 5.1.6. Profits and Income
  • 5.1.7. Savings, Consumption, and Investment
  • 5.1.8. Financial Sector
  • 5.1.9. Public Sector
  • 5.2. Poverty and Income Distribution Indicators
  • 5.3. Calibration
  • 5.3.1. Initial Values
  • 5.3.2. Parameter Values
  • 5.4. Some Illustrative Experiments
  • 5.4.1. Terms-of-Trade Shock
  • 5.4.2. Cut in Domestic Credit to Government
  • 5.4.3. Debt Reduction and Expenditure Reallocation
  • 5.5. Conclusions
  • 6. Stabilization Policy, Poverty, and Unemployment in Brazil
  • 6.1. An IMMPA Framework for Brazil
  • 6.1.1. Production
  • 6.1.2. Wages, Employment, Migration, and Skills Acquisition
  • 6.1.3. Supply and Demand
  • 6.1.4. External Trade
  • 6.1.5. Prices
  • 6.1.6. Profits and Income
  • 6.1.7. Savings, Financial Wealth, and Investment
  • 6.1.8. Asset Allocation and the Financial Sector
  • 6.1.9. Public Sector
  • 6.1.10. Balance of Payments and the Exchange Rate
  • 6.1.11. Currency and Bond Market Equilibrium
  • 6.2. Poverty and Income Distribution Indicators
  • 6.3. Calibration and Survey Characteristics
  • 6.4. Stabilization, Unemployment, and Poverty
  • 6.5. Concluding Remarks
  • Appendix C. Calibration and Parameter Values
  • 7. Disinflation, Fiscal Sustainability, and Labor Market Adjustment in Turkey
  • 7.1. Structure of the Model
  • 7.1.1. Production
  • 7.1.2. The Labor Market
  • 7.1.3. Export Supply and Import Demand
  • 7.1.4. Aggregate Supply and Demand
  • 7.1.5. Profits and Income
  • 7.1.6. Savings and Wealth Accumulation
  • 7.1.7. Private Investment
  • 7.1.8. Asset Allocation and the Credit Market
  • 7.1.9. Public Sector
  • 7.1.10. The Balance of Payments and the Exchange Rate
  • 7.1.11. Currency and Bond Market Equilibrium
  • 7.1.12. Price Determination
  • 7.1.13. Default Risk, Credibility, and Expectations
  • 7.2. Calibration and Solution
  • 7.3. Policy Experiments
  • 7.3.1. Increase in Official Interest Rates
  • 7.3.2. Fiscal Adjustment
  • 7.4. Concluding Remarks
  • Appendix. Calibration and Parameter Values
  • 8. Linking Representative Household Models with Household Surveys for Poverty Analysis: A Comparison of Alternative Methodologies
  • 8.1. Macro-RHG Models and Poverty Analysis
  • 8.2. Linking Income Survey Data with Macro-RHG Models
  • 8.2.1. A Simple Micro-Accounting Method
  • 8.2.2. An Extension with Reweighting Techniques
  • 8.2.3. The Use of Distribution Functions
  • 8.3. The Macro-RHG Framework
  • 8.3.1. Production and the Labor Market
  • 8.3.2. Composition of Demand and Prices
  • 8.3.3. Profits and Income
  • 8.3.4. Investment-Savings Balance
  • 8.3.5. Public Sector and the Balance of Payments
  • 8.4. Comparing Policy Shocks with Alternative Linkages
  • 8.4.1. Reduction in the Minimum Wage
  • 8.4.2. Increase in Employment Subsidies
  • 8.5. Conclusions
  • Appendix A. Reweighting when Using Real Survey Data
  • Appendix B. Estimated Shape Parameters and Fitted Poverty Measures with Beta Distribution Functions
  • 9. Some Research Perspectives
  • 9.1. Labor Market Structure and Policies
  • 9.2. Macroeconomic Effects of Foreign Aid
  • 9.3. Public Investment, Growth, and Congestion Costs
  • 9.4. Linking Macro Models and Surveys
  • References
Ralph and Helen Luken Book Fund established by their son in appreciation of his education bookplate

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