2019
DOI: 10.1596/1813-9450-8942
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Why South Africa is Cheap for the Rich and Expensive for the Poor

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Cited by 5 publications
(11 citation statements)
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“…The insider–outsider hypothesis during the second sub‐period finds some support from the evidence presented and reviewed in Fedderke (). The presence of labour market rigidities in the second sub‐period is also consistent with the evidence obtained from Dadam and Viegi's () reduced‐form wage‐unemployment equations and their structural model. In addition, the rise in capital‐intensive production techniques observed in the manufacturing sector, especially since the early 1990s (see Rodrik, ; Black and Hasson, ), may also account for a more rigid OPWE relationship during the second sub‐period.…”
Section: The Sources Of Inflation In South Africasupporting
confidence: 87%
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“…The insider–outsider hypothesis during the second sub‐period finds some support from the evidence presented and reviewed in Fedderke (). The presence of labour market rigidities in the second sub‐period is also consistent with the evidence obtained from Dadam and Viegi's () reduced‐form wage‐unemployment equations and their structural model. In addition, the rise in capital‐intensive production techniques observed in the manufacturing sector, especially since the early 1990s (see Rodrik, ; Black and Hasson, ), may also account for a more rigid OPWE relationship during the second sub‐period.…”
Section: The Sources Of Inflation In South Africasupporting
confidence: 87%
“…This labour market rigidity, which is consistent with insider–outsider models of union behaviour, makes disinflation policy costlier, and also implies substantial job losses during recessionary conditions. These policy implications are supported by the evidence presented in Dadam and Viegi (). Based on reduced‐form equations, they report a weaker response of wage changes to employment (demand) changes over time, and confirm this result more formally in a structural model that shows how labour market rigidities complicate the conduct and efficiency of monetary policy.…”
Section: Implications For Monetary Policysupporting
confidence: 62%
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