Cyprus: Selected Issues and Statistical Appendix

International Monetary Fund

No 2005/106, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper and Statistical Appendix analyzes labor market institutions and reforms for Cyprus. The paper describes the legal and institutional framework of the Cypriot labor market, and discusses the voluntary framework for negotiations, the degree of unionization and the system of tripartism, the wage setting mechanism, and labor market programs. The paper makes an assessment of the flexibility and efficiency of the Cypriot labor market, and in particular, the wage-setting mechanism. It also examines the trends and developments in the external competitiveness of Cyprus.

Keywords: ISCR; CR; Cyprus; wage; euro; Cyprus pound; export; nominal wage; indexation mechanism; competitiveness ranking; cost increase; contract clause; determination process; tight peg; market-to-PPP exchange rate ratio; Labor markets; Employment; Wages; Real wages; Europe; Global (search for similar items in EconPapers)
Pages: 74
Date: 2005-03-22
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