Malta : 2020 Selected Issues.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. European Dept.

Series:

IMF Staff Country Reports; Country Report ; No. 2020/099

IMF Staff Country Reports

Language:

English

Subjects (All):

Labor market.

Inflation (Finance).

Immigrants.

Physical Description:

1 online resource (15 pages).

Other Title:

Malta

Place of Publication:

Washington, D.C. : International Monetary Fund, 2020.

Summary:

This Selected Issues paper analyses immigration and the labor market in Malta. This paper finds that immigration has been positive for Malta, as it has helped boost growth, employment, productivity and incomes. The increased availability of foreign labor has also helped contain wage inflation (and hence probably also price inflation) in recent years, contributing to maintain competitiveness in the face of a booming economy. The results suggest that foreign workers have helped contain aggregate wage inflation. The baseline regression includes as regressors the headline unemployment rate, lagged core inflation, labor productivity growth, the share of foreign workers in total employment, and the first and fourth lags of the dependent variable. The results across some selected models suggest that foreign labor has helped contain wage inflation in recent years. In order to identify the drivers of nominal wage growth, a decomposition analysis is conducted which allows calculating the contributions of each of the independent variables included in the regressions.

Contents:

Front Matter

Malta: 2020 Selected Issues.

Notes:

Description based on publisher supplied metadata and other sources.

ISBN:

9781513540146

1513540149