کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
9554464 1375958 2005 25 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
The consumption and welfare implications of wage arrears in transition economies
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
The consumption and welfare implications of wage arrears in transition economies
چکیده انگلیسی
The paper investigates the macroeconomic consequences and the welfare implications of wage arrears in transition economies using a one-sector neoclassical growth model. In our model, a neoclassical firm makes losses during the transition period and uses wage arrears as a survival strategy. At the workers' level, the randomness in the timing and extent of wage payments acts as an idiosyncratic shock to earnings. We calibrate the model to reproduce the characteristics in Ukrainian data and study its quantitative predictions. We find that wage arrears imply substantial social costs, e.g., a consumption loss between 8 and 16%, and a welfare loss from idiosyncratic uncertainty equivalent to an additional consumption loss of 1 to 5%. Journal of Comparative Economics33 (3) (2005) 540-564.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Comparative Economics - Volume 33, Issue 3, September 2005, Pages 540-564
نویسندگان
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