Description
Changes to levels of earnings in the public and private sectors have a critical role in the adjustment process. Case studies of Singapore, Korea, Zambia, Zimbabwe and Argentina show that in those countries which adjusted unsuccessfully real earnings declined sharply, often with a further negative impact on output. The governments of the more succes
Table of Contents
Figures and tables, Preface, 1 PUBLIC-SECTOR PAY AND ADJUSTMENT: THEORY, POLICIES AND OUTCOMES, 2 ECONOMIC RESTRUCTURING AND FLEXIBLE CIVIL SERVICE PAY IN SINGAPORE, 3 WAGE POLICY AND INTER-SECTORAL PAY DIFFERENTIALS IN THE REPUBLIC OF KOREA, 1975窶�91, 4 ECONOMIC STAGNATION AND EARNINGS DECLINE IN ZAMBIA, 1975, 5 PUBLIC-SECTOR PAY AND ADJUSTMENT IN ZIMBABWE, 6 STRUCTURAL ADJUSTMENT AND PUBLIC-SECTOR PAY IN ARGENTINA, 1975窶�91, Index
