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Wage Flexibility in Turbulent Times; A Practitioner's Guide

International Monetary Fund (IMF); International … - 2005

methodology is applied to Polish micro data. The estimates confirm that wages are less elastic in a high-unemployment …

Persistent link: https://www.econbiz.de/10005248228

Why Has Unemployment in Algeria Been Higher Than in Mena and Transition Countries

Kpodar, Kangni - International Monetary Fund (IMF) - 2007

productivity in Algeria is associated with higher unemployment than the sample average, though recent positive terms of trade … unemployment is higher in Algeria than in other countries. The results are robust to various panel econometric methods and …

Persistent link: https://www.econbiz.de/10005248294

Canadian Firm and Job Dynamics

Balakrishnan, Ravi - International Monetary Fund (IMF) - 2008

To understand better Canada's smooth reallocation of labor in response to the recent commodity price boom, but seemingly poor productivity performance, this paper examines job and firm dynamics in Canada relative to the United States. Overall, it finds that while Canada's labor market efficiency...

Persistent link: https://www.econbiz.de/10005263929

The Shortcomings of a Partial Release of Employment Protection Laws; The Case of the 2005 French Reform

Cahuc, Pierre; Carcillo, Stéphane - International Monetary Fund (IMF) - 2006

, we simulate the effects of this reform on unemployment, employment, and welfare. We estimate that the CNE will lead to …

Persistent link: https://www.econbiz.de/10005263994

How Does Employment Protection Legislation Affect Unemployment in Tunisia? a Search Equilibrium Approach

Fanizza, Domenico; Koranchelian, Taline - International Monetary Fund (IMF) - 2005

restrictions affects the outcome of the matching process and the natural rate of unemployment in Tunisia. The paper concludes that … the removal of firing restrictions is likely to produce a favorable but limited impact on unemployment in Tunisia. …

Persistent link: https://www.econbiz.de/10005264000

Regional Wage Differentiation and Wage Bargaining Systems in the EU

Vamvakidis, Athanasios - International Monetary Fund (IMF) - 2008

differentiation and high regional unemployment differentials. The empirical literature has found that centralized wage bargaining … productivity and unemployment differentials. …

Persistent link: https://www.econbiz.de/10005264211

Precautionary Savings in the Great Recession

Mody, Ashoka; Sandri, Damiano; Ohnsorge, Franziska - International Monetary Fund (IMF) - 2012

Heightened uncertainty since the onset of the Great Recession has materially increased saving rates, contributing to lower consumption and GDP growth. Consistent with a model of precautionary savings in the face of uncertainty, we find for a panel of advanced economies that greater labor income...

Persistent link: https://www.econbiz.de/10009654146

Can Institutional Reform Reduce Job Destruction and Unemployment Duration? Yes it Can

International Monetary Fund (IMF); International … - 2012

We read search theory's unemployment equilibrium condition as an Iso-Unemployment Curve(IUC).The IUC is the locus of … job destruction rates and expected unemployment durations rendering the same unemployment level. A country's position … unemployment level at which such preferences are satisfied Using a panel of 20 OECD countries over 1985-2008, we find employment …

Persistent link: https://www.econbiz.de/10009654152

Crises, Labor Market Policy, and Unemployment

Furceri, Davide; Bernal-Verdugo, Lorenzo E.; Guillaume, … - International Monetary Fund (IMF) - 2012

with more rigid labor market institutions. These effects are even larger for youth unemployment in the short term and long … impact on unemployment in the short term, but that this effect rapidly disappears in the medium term in countries with … flexible labor market institutions, whereas the impact of financial crises is less pronounced but more persistent in countries …

Persistent link: https://www.econbiz.de/10009654166

Unemployment in Latin America and the Caribbean

International Monetary Fund (IMF); International … - 2011

JEL Cl This study constructs a new data set on unemployment rates in Latin America and the Caribbean and then explores … the determinants of unemployment. We compare different countries, finding that unemployment is influenced by the size of … increases in unemployment over time, finding that they are caused by contractions in aggregate demand. These demand contractions …

Persistent link: https://www.econbiz.de/10009369453