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Labor Market Dynamics in Bangladesh


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  • Product Description

This research examines the important issue of labor market dynamics of Bangladesh during 1987-2009. First, it investigates the relevance of Phillips curve and analyzes the two important extension of original Phillips Curve i.e. expectation augmented and supply shock augmented Phillips curve.The analysis derives the Non-Accelerating Inflation Rate of Unemployment (NAIRU) of Bangladesh following the Ball-Mankiw approach. Second, it looks the issue of wage inequality in manufacturing, construction and agriculture sector of Bangladesh in various dimensions. Result shows that the theme of Phillips curve is consistent in Bangladesh economy. Unemployment rate, unemployment gap, change in exchange rate are negatively related with inflation whereas lagged inflation and change in international price of crude oil is positively related. Inflation lag has a relatively higher impact on inflation dynamics. With sectoral wage disparity there is large wage gap between skilled and unskilled labor. The urban-rural wage differential is severe in manufacturing sector as compared to construction and agriculture sector.

Product Specifications
SKU :COC16703
AuthorDebasish K. Das and Champa B. Dutta
Number of Pages76
Publishing Year12/16/2010
Edition1 st
Book TypeEconomics
Country of ManufactureIndia
Product BrandLAP LAMBERT Academic Publishing
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-07-25 00:00:00