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Uncertainty and the Politics of Employment Protection
Vindigni, Andrea - Institute for the Study of Labor (IZA) - 2008
labor market flexibility, in a general equilibrium model of dynamic labor demand where the productivity of firms evolves ….e. unexpected changes in the drift and standard deviation of the stochastic process describing the dynamics of productivity, depends … workers with idiosyncratic productivity below some threshold value. A more volatile environment, and a lower rate of …
Persistent link: https://www.econbiz.de/10005763652
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How Did the Great Recession Affect Different Types of Workers? Evidence from 17 Middle-Income Countries
Cho, Yoonyoung; Newhouse, David - Institute for the Study of Labor (IZA) - 2011
This paper examines how different types of workers in 17 middle-income countries were affected by labor market retrenchment during the great recession. Impacts on different types of workers varied by country and were only weakly related to the severity of the shock. Among active workers, youth...
Persistent link: https://www.econbiz.de/10009003937
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Wage Rigidity and Disinflation in Emerging Countries
Messina, Julián; Sanz-de-Galdeano, Anna - Institute for the Study of Labor (IZA) - 2011
This paper examines the consequences of rapid disinflation for downward wage rigidities in two emerging countries, Brazil and Uruguay, relying on high quality matched employer-employee administrative data. Downward nominal wage rigidities are more important in Uruguay, while wage indexation is...
Persistent link: https://www.econbiz.de/10009149154
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International Financial Integration and Real Exchange Rate Long-Run Dynamics in Emerging Countries: Some Panel Evidence
Caporale, Guglielmo Maria; Hadj Amor, Thouraya; Rault, … - Institute for the Study of Labor (IZA) - 2009
The aim of this paper is to provide new empirical evidence on the impact of international financial integration on the long-run Real Exchange Rate (RER) in 39 developing countries belonging to three different geographical regions (Latin America, Asia and MENA). It covers the period 1979-2004,...
Persistent link: https://www.econbiz.de/10005762383
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Does Human Capital Protect Workers against Exogenous Shocks? South Africa in the 2008-2009 Crisis
Leung, Ron; Stampini, Marco; Vencatachellum, Désiré - Institute for the Study of Labor (IZA) - 2009
The financial and economic crisis of 2008 and 2009 has taken its toll on the South African economy. The economy contracted for the first time since 1998, and entered recession during the fourth quarter of 2008. The GDP contraction was soon transmitted to the labor market. Between the second...
Persistent link: https://www.econbiz.de/10008514864
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Flexibility at the Margin and Labor Market Volatility in OECD Countries
Sala, Hector; Silva, José I.; Toledo, Manuel E. - Institute for the Study of Labor (IZA) - 2008
achieve similar volatility than fully deregulated labor markets. Flexibility at the margin produces a gap in separation costs … de labor market volatility. This increased volatility is partially reverted when limitations in the duration and number … explain the similar volatility observed in many regulated OECD labor markets with flexibility at the margin vis-à-vis the …
Persistent link: https://www.econbiz.de/10005822303
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Financial Markets, Banks' Cost of Funding, and Firms' Decisions: Lessons from Two Crises
Balduzzi, Pierluigi; Brancati, Emanuele; Schiantarelli, … - Institute for the Study of Labor (IZA) - 2013
We test whether financial fluctuations affect firms' decisions, through their impact on banks' cost of funding. We exploit two shocks to Italian bank CDS spreads and equity valuations: the 2007-2009 financial crisis and the 2010-2012 sovereign debt crisis. Using newly available data linking over...
Persistent link: https://www.econbiz.de/10010734428
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From Riches to Rags, and Back? Institutional Change, Financial Development and Economic Growth in Argentina since the 1890s
Campos, Nauro F; Karanasos, Menelaos G.; Tan, Bin - Institute for the Study of Labor (IZA) - 2014
individual effects on economic growth and volatility using the power-ARCH framework with annual data since the 1890s. The results …
Persistent link: https://www.econbiz.de/10011095511
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The Economic Security Index: A New Measure for Research and Policy Analysis
Hacker, Jacob S.; Huber, Gregory Alain; Nichols, Austin; … - Institute for the Study of Labor (IZA) - 2012
combining data from multiple surveys, we create an integrated measure of volatility in available household resources, accounting …
Persistent link: https://www.econbiz.de/10011096062
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Volatility and Growth: Governments are Key
Jetter, Michael - Institute for the Study of Labor (IZA) - 2013
paper offers a solution to this disagreement, suggesting that volatility carries a positive direct effect, but also a … volatility is then ambiguous. The paper reveals the underlying endogeneity of government size in a balanced panel of 95 countries … increase of volatility lowers growth by up to 0.57 percentage points in a democracy, but raises growth by 1.74 percentage …
Persistent link: https://www.econbiz.de/10010959641