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- W2017255291 abstract "Bolivia underwent hyperinflation followed by a textbook, successful, stabilization in 1985, but with as yet weak economic recovery. As compared to a group of 11 other developing countries, Bolivia's adjustment fell into the most severe category. This paper examines labor market outcomes and finds that although unemployment did not rise markedly, there were dramatic falls in real wages, and an increase in informalization. There is little evidence of a shift of labor into tradeable goods. Labor market rigidities cannot be faulted for the slow recovery, since the labor market showed remarkable flexibility. Instead, depressed domestic demand, insufficient foreign assistance, and possibly some inappropriate macro-economic policies may be to blame." @default.
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- W2017255291 date "1992-01-01" @default.
- W2017255291 modified "2023-09-25" @default.
- W2017255291 title "Labour Markets and the Shock Treatment in Bolivia" @default.
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- W2017255291 doi "https://doi.org/10.1080/08263663.1992.10816670" @default.
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