Labor Market Adjustment in Canada and the United States:
This paper provides a quantitative assessment of the relative importance of different labor market adjustment mechanisms in Canada and the United States and also examines the effects of the unemployment insurance (UI) system on labor market adjustment. At the aggregate level, employment growth shock...
Gespeichert in:
1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
1997
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Schriftenreihe: | IMF Working Papers
Working Paper No. 97/2 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | This paper provides a quantitative assessment of the relative importance of different labor market adjustment mechanisms in Canada and the United States and also examines the effects of the unemployment insurance (UI) system on labor market adjustment. At the aggregate level, employment growth shocks result in similar unemployment rate responses but smaller wage responses in Canada relative to the United States. Although overall UI generosity has increased aggregate unemployment persistence in Canada, the endogenous component of UI has affected unemployment persistence only marginally. The lower degree of aggregate real wage flexibility in Canada has not been an important determinant of unemployment persistence |
Beschreibung: | 1 Online-Ressource (24 p) |
ISBN: | 1451841728 9781451841725 |
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spelling | Thomas, Alun H. Verfasser aut Labor Market Adjustment in Canada and the United States Thomas, Alun H Washington, D.C International Monetary Fund 1997 1 Online-Ressource (24 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 97/2 This paper provides a quantitative assessment of the relative importance of different labor market adjustment mechanisms in Canada and the United States and also examines the effects of the unemployment insurance (UI) system on labor market adjustment. At the aggregate level, employment growth shocks result in similar unemployment rate responses but smaller wage responses in Canada relative to the United States. Although overall UI generosity has increased aggregate unemployment persistence in Canada, the endogenous component of UI has affected unemployment persistence only marginally. The lower degree of aggregate real wage flexibility in Canada has not been an important determinant of unemployment persistence Online-Ausg Prasad, Eswar Sonstige oth http://elibrary.imf.org/view/IMF001/04193-9781451841725/04193-9781451841725/04193-9781451841725.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Thomas, Alun H. Labor Market Adjustment in Canada and the United States |
title | Labor Market Adjustment in Canada and the United States |
title_auth | Labor Market Adjustment in Canada and the United States |
title_exact_search | Labor Market Adjustment in Canada and the United States |
title_exact_search_txtP | Labor Market Adjustment in Canada and the United States |
title_full | Labor Market Adjustment in Canada and the United States Thomas, Alun H |
title_fullStr | Labor Market Adjustment in Canada and the United States Thomas, Alun H |
title_full_unstemmed | Labor Market Adjustment in Canada and the United States Thomas, Alun H |
title_short | Labor Market Adjustment in Canada and the United States |
title_sort | labor market adjustment in canada and the united states |
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