Do Government Wage Cuts Close Budget Deficits? a Conceptual Framework for Developing Countries and Transition Economies

Do Government Wage Cuts Close Budget Deficits? a Conceptual Framework for Developing Countries and Transition Economies
Real wage declines have been common in the public sector in many countries over substantial periods of time. In several cases, such wage reductions have coincided with a decline in the efficiency of the public sector. In a simple analytical framework, it is shown that higher wage levels alter the incentive compatible equilibrium by attracting... READ MORE...

Publication date: February 1996
ISBN 9781451922554
$15.00

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