This paper examines the role of the labor market in the transmission process of adjustment policies in developing countries. It begins by reviewing the recent e

This report quantifies labor mobility costs in developing countries and simulates the implied adjustment paths of employment and wages following a change in tra

This overview of a symposium on labor markets and adjustment concludes that: (1) real wages are more flexible than generally supposed, (2) labor reallocations a

This paper examines the role of the labor market in the transmission process of adjustment policies in developing countries. It begins by reviewing the recent e