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In contrast to what has happened throughout the 1960s and 1970s, some of the largest EU countries and Japan are no longer closing the income gap vis-à-vis the United States. Worse, the gap may even be widening since the mid-1990s. While in the case of Japan the gap in GDP per capita is...
Persistent link: https://www.econbiz.de/10005045617
rates on domestic inflation, which may have contributed to differences in policy stances during the boom in commodity prices …, they cannot explain them all.<P>Réponse de l'inflation aux chocs récents : Les pays du G7 diffèrent-ils les uns des autres … certain nombre de différences dans l'impact estimé des prix à l'importation des produits de base et des taux de change sur l'inflation …
Persistent link: https://www.econbiz.de/10005045826
, due to a sharp decline in the results of the most highly disadvantaged students. The unemployment rate for the 20-24 age …
Persistent link: https://www.econbiz.de/10011276867
Reducing poverty and social exclusion is an important objective for all French governments. Even though conventionally measured poverty is in fact lower than in most other countries, it is still higher than can be easily accepted. The current policy approach involves a large number of measures...
Persistent link: https://www.econbiz.de/10005046268
States, the large unemployment gap could also keep wage inflation under pressure despite a flattening Phillips curve. These … productivity gaps, except in the United States where it essentially resulted from a large increase in the unemployment gap. As … more weight on alternative indicators of inflation pressure such as wage settlements, trends in unit labour costs and a …
Persistent link: https://www.econbiz.de/10011276902
reduced Phillips curve equation (linking inflation to the unemployment gap) by means of a Kalman filter. The overall limited …The financial crisis has resulted in a substantial increase in unemployment in the OECD. This paper shows that this … increase has reversed the reduction in structural unemployment which has been estimated to have occurred in most OECD countries …
Persistent link: https://www.econbiz.de/10009394361
In this paper we examine whether past labour market reforms aiming at reducing the rate of unemployment have raised its … Monte-Carlo techniques, we do not find any evidence of such policy trade-off. In contrast, we find that reduced unemployment … associated with a weaker persistence of unemployment over time, which implies a lower volatility of unemployment in the long run …
Persistent link: https://www.econbiz.de/10011277012
Over the past decade, the share of jobs not controlled by the state has increased considerably, whilst employment in agriculture has declined, against the backdrop of ongoing urbanisation. Over 200 million people have been drawn into urban areas through official or unofficial migration, despite...
Persistent link: https://www.econbiz.de/10008480477
The deep recession has led to a marked deterioration in labour market conditions in the OECD area. This paper, which draws heavily on other ongoing analytical work at the OECD, takes stock of recent labour market developments, highlights some of the key uncertainties in the early stages of the...
Persistent link: https://www.econbiz.de/10008542497
The global recession is likely to results in higher structural unemployment for some time in many OECD countries. This … paper assesses how the shock to aggregate unemployment as a result of the economic crisis may be transmitted to structural … unemployment through hysteresis effects that occur through the rise in long-term unemployment. The estimated increase in structural …
Persistent link: https://www.econbiz.de/10008542505