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Expansion of Higher Education, Employment and Wages: Evidence from the Russian Transition

Kyui, Natalia - Bank of Canada - 2013

This paper analyzes the effects of an educational system expansion on labour market outcomes, drawing upon a 15-year natural experiment in the Russian Federation. Regional increases in student intake capacities in Russian universities, a result of educational reforms, provide a plausibly...

Persistent link: https://www.econbiz.de/10010849949

Heterogeneous Returns to U.S. College Selectivity and the Value of Graduate Degree Attainment

Seki, Mai - Bank of Canada - 2013

Existing studies on the returns to college selectivity have mixed results, mainly due to the difficulty of controlling for selection into more-selective colleges based on unobserved ability. Moreover, researchers have not considered graduate degree attainment in the analysis of labour market...

Persistent link: https://www.econbiz.de/10010849958

Search Frictions, Financial Frictions and Labour Market Fluctuations in Emerging Markets

Altug, Sumru; Kabaca, Serdar - Bank of Canada - 2014

This paper examines the role of the extensive and intensive margins of labour input in the context of a business cycle model with a financial friction. We document significant variation in the hours worked per worker for many emerging-market economies. Both employment and hours worked per worker...

Persistent link: https://www.econbiz.de/10010885043

Labour Share Fluctuations in Emerging Markets: The Role of the Cost of Borrowing

Kabaca, Serdar - Bank of Canada - 2014

This paper contributes to the literature by documenting labour income share fluctuations in emerging-market economies and proposing an explanation for them. Time-series data indicate that emerging markets differ from developed markets in terms of changes in the labour share over the business...

Persistent link: https://www.econbiz.de/10010960392

Changing Labour Market Participation Since the Great Recession: A Regional Perspective

Cheung, Calista; Granovsky, Dmitry; Velasco, Gabriella - Bank of Canada - 2015

This paper discusses broad trends in labour force participation and part-time employment across different age groups since the Great Recession and uses provincial data to identify changes related to population aging, cyclical effects and other factors. The main population age groups examined are...

Persistent link: https://www.econbiz.de/10011253081

Measuring Potential Output at the Bank of Canada: The Extended Multivariate Filter and the Integrated Framework

Pichette, Lise; St-Amant, Pierre; Tomlin, Ben; Anoma, Karine - Bank of Canada - 2015

Estimating potential output and the output gap - the difference between actual output and its potential - is important for the proper conduct of monetary policy. However, the measurement and interpretation of potential output, and hence the output gap, is fraught with uncertainty, since it is...

Persistent link: https://www.econbiz.de/10011253083

Fixed-Term and Permanent Employment Contracts: Theory and Evidence

Cao, Shutao; Shao, Enchuan; Silos, Pedro - Bank of Canada - 2011

level of firing costs increases wage inequality and decreases the unemployment rate. The increase in inequality results from …

Persistent link: https://www.econbiz.de/10009352263

Financial Frictions, Financial Shocks and Labour Market Fluctuations in Canada

Zhang, Yahong - Bank of Canada - 2011

What are the effects of financial market imperfections on unemployment and vacancies in Canada? The author estimates … more volatile labour market. The author finds that the model accounts well for the cyclical behaviour of unemployment and … labour market. Overall, financial shocks contribute about 30 per cent of the fluctuations in unemployment and vacancies for …

Persistent link: https://www.econbiz.de/10009395394

Trends in U.S. Hours and the Labor Wedge

Cociuba, Simona E.; Ueberfeldt, Alexander - Bank of Canada - 2010

From 1980 until 2007, U.S. average hours worked increased by thirteen percent, due to a large increase in female hours. At the same time, the U.S. labor wedge, measured as the discrepancy between a representative household’s marginal rate of substitution between consumption and leisure and the...

Persistent link: https://www.econbiz.de/10008694041

Stability versus Flexibility: The Role of Temporary Employment in Labour Adjustment

Cao, Shutao; Leung, Danny - Bank of Canada - 2010

In Canada, temporary workers account for 14 per cent of jobs in the non-farm business sector, are present in a range of industries, and account for 40 per cent of the total job reallocation. Yet most models of job reallocation abstract from temporary workers. This paper evaluates the importance...

Persistent link: https://www.econbiz.de/10008694042