The effect of IMF programs on labor

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Abstract

Previous studies find that IMF programs have negative effects on income distribution [The International Monetary Fund and Latin America: Economic Stabilization and Class Conflict, Westview Press, Boulder, 1987a; World Dev. 15 (1987b) 365; World Dev. 28 (2000) 1031]. No study, however, has used parametric methods to control for nonrandom selection. Using a dynamic version of the Heckman selection model, I study the effect of IMF programs on the labor share of income from manufacturing. My conclusions are supported by 2,095 observations of 110 countries during 1961-93.

Original languageEnglish (US)
Pages (from-to)121-139
Number of pages19
JournalWorld Development
Volume30
Issue number1
DOIs
StatePublished - Jan 15 2002
Externally publishedYes

All Science Journal Classification (ASJC) codes

  • Geography, Planning and Development
  • Development
  • Sociology and Political Science
  • Economics and Econometrics

Keywords

  • Crosscountry
  • Income distribution
  • International
  • International monetary fund
  • Nonrandom selection

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