James

Employment

Prostitutes as a proxy for competitiveness

I thought you'd find this blog post quite interesting - it basically uses the relative price of prostitutes in different European countries to measure labor competitiveness and the risk that a country will have to devalue:

http://brontecapital.blogspot.com/2009/03/polish-hookers-dont-cost-too-much.html

The indicator was spot-on in the case of Latvia and some other East European economies

http://brontecapital.blogspot.com/2009/03/polish-hookers-dont-cost-too-much.html