Cyprus: Selected Issues and Statistical Appendix

March 22, 2005

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Format: Chicago

Cyprus: Selected Issues and Statistical Appendix, (USA: International Monetary Fund, 2005) accessed December 26, 2024

Summary

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.

Subject: Employment, Labor, Labor markets, Real wages, Wages

Keywords: Competitiveness ranking, Contract clause, Cost increase, CR, Cyprus, Cyprus pound, Determination process, Employment, Euro, Europe, Export, Global, Indexation mechanism, ISCR, Labor markets, Market-to-PPP exchange rate ratio, Nominal wage, Real wages, Tight peg, Wage, Wages

Publication Details

Pages:

74
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/106
Stock No:

1CYPEA2005001
ISBN:

9781451809848
ISSN:

1934-7685

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