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In the financial crisis literature, it is usually argued that, contrary to the case of currency crises, building a time series index to identify banking crisis episodes is highly difficult, particularly because of the lack of reliable data on banking sector variables (non-performing loans,...
Persistent link: https://www.econbiz.de/10005126447
The author reviews case studies of four Caribbean countries-the Dominican Republic, Jamaica, Saint Lucia and Trinidad-and briefly discusses an African country, Mauritius. He compares labour legislation, nationality of investors, technology transfer, and linkages with the rest of the economy. Of...
Persistent link: https://www.econbiz.de/10005556471
Objectives. This paper analyzes the relationship between Palestinian suicide bombings and economic and political conditions from 1993 to 2001. Labor market conditions could affect the number of terror attacks because when the economy worsens, the opportunity cost of engaging in suicide terrorism...
Persistent link: https://www.econbiz.de/10005076534
equities, we examine equilibrium unemployment. While a mechanism of an efficiency wage brings about nominal wage rigidity …, unemployment occurring in our model definitely has Keynesian features. For instance, a reduction in wages rather enhances … unemployment through a decrease in consumption. In addition, our paper shows a possibility of Pareto improvement through an …
Persistent link: https://www.econbiz.de/10005076693
unemployment, undue instability, and excess debt. …
Persistent link: https://www.econbiz.de/10005076719
unemployment. The public sector is decomposed into general government and an unfunded pension system with a tax benefit linkage … effects. They strengthen labor supply both in terms of job search intensity, leading to lower unemployment rates, and hours …
Persistent link: https://www.econbiz.de/10005125671
Examines the incidence and adjustment experiences of workers who are displaced by economic change. Since the mid-1970s, the aggregate annual rate of retrenchment has fluctuated in a counter-cyclical pattern around a relatively stable long-term trend of about 5 per cent. The paper shows that the...
Persistent link: https://www.econbiz.de/10005125741
Are certain groups of unemployed individuals hurt less by unemployment than others? This paper is an attempt to test … the hypothesis that non- pecuniary costs of unemployment may vary between societies with different unemployment rates … related to unemployment for South African adults as to be expected in richer countries. Reported well-being levels are shown …
Persistent link: https://www.econbiz.de/10005125760
In 2001, the Government asked the Commission to undertake a nine-month independent review of the Job Network. The Commission would look at the framework for delivering labour market assistance (the purchaser- provider model) and identify areas where the model could be improved. The Commission...
Persistent link: https://www.econbiz.de/10005125790
The paper examines the structure of employment defined by industry, skill, age, part-time and casual employment status and the distribution of earnings. Employment patterns, and changes in employment profiles, are examined for differences between high productivity growth industry sectors and low...
Persistent link: https://www.econbiz.de/10005125799