01795cas a2200241 a 4500 AALejournalIMF007344 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451854787 1018-5941 BD-DhAAL BD-DhAAL Agenor, Pierre-Richard. The Labor Market and Economic Adjustment / Pierre-Richard Agenor. Washington, D.C. : International Monetary Fund, 1995. 1 online resource (98 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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 evidence regarding the functioning of these markets. It then studies the implications of wage inertia, nominal contracts, labor market segmentation, and impediments to labor mobility for stabilization policies. The effect of labor market reforms on economic flexibility and the channels through which labor market imperfections alter the effects of structural adjustment measures are discussed next. The last part of the paper identifies a variety of issues that may require further investigation, such as the link between changes in relative wages and the distributional effects of adjustment policies. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1995/125 Full text available on IMF http://elibrary.imf.org/view/journals/001/1995/125/001.1995.issue-125-en.xml IMF e-Library