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Alternative Models of Wage Dispersion
International Monetary Fund - 2005
We analyze labor market models where the law of one price does not hold-that is, models with equilibrium wage dispersion. We begin by assuming workers are ex ante heterogeneous, and highlight a flaw with this approach: if search is costly, the market shuts down. We then assume workers are...
Persistent link: https://www.econbiz.de/10014400958
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Wage Compression, Employment Restrictions and Unemployment; The Case of Mauritius
International Monetary Fund (IMF); International … - 2004
relatively minor intervention can dramatically increase the fragility of jobs, the length of unemployment spells, as well as the … extent of unemployment and labor market churning. With institutions of the type studied here common across many different …
Persistent link: https://www.econbiz.de/10005826536
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Real Unit Labor Costs Differentials in EMU+L4700; How Big, How Benign and How Reversible?
International Monetary Fund (IMF); International … - 2011
Real unit labor costs (RULC) growth differentials between euro area members have persisted since EMU began and even widened out in the run-up to the crisis. This paper focuses on the causes underlying such dispersion. According to our empirical findings, persistent RULC growth differentials can...
Persistent link: https://www.econbiz.de/10009019597
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Italy; Selected Issues
International Monetary Fund (IMF); International … - 2011
Based on the economic literature, various policy measures and institutions in the product and labor markets that increase growth and employment are studied. From a cross-country approach, this study finds a significant relationship between Vertical Fiscal Imbalances (VFIs) and fiscal performance...
Persistent link: https://www.econbiz.de/10011244125
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Spain : Selected Issues-Labor Market Polices and Unemployment Dynamics
International Monetary Fund - 1996
This Selected Issues paper analyzes labor market policies and unemployment dynamics in Spain. It provides a brief …
Persistent link: https://www.econbiz.de/10014397971
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Unemployment Hysteresis, Wage Determination, and Labor Market Flexibility : The Case of Belgium
International Monetary Fund - 1994
This paper examines the potential contribution of unemployment hysteresis theories to the understanding of the Belgian …
Persistent link: https://www.econbiz.de/10014398156
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Social Security Tax Reform and Unemployment : A General Equilibrium Analysis for France
International Monetary Fund - 1997
various tax rates lead to lower budget deficits in the long run, as a result of an expanding tax base and lower unemployment …
Persistent link: https://www.econbiz.de/10014401626
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Wage Compression, Employment Restrictions and Unemployment : The Case of Mauritius
International Monetary Fund - 2004
relatively minor intervention can dramatically increase the fragility of jobs, the length of unemployment spells, as well as the … extent of unemployment and labor market churning. With institutions of the type studied here common across many different …
Persistent link: https://www.econbiz.de/10014404032
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A Systems Approach to Estimating the Natural Rate of Unemployment and Potential Output for the United States
International Monetary Fund - 1989
The methodology used in this paper has three distinguishing features: the natural rate of unemployment and potential …
Persistent link: https://www.econbiz.de/10014396053
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Structural Determinants of the Natural Rate of Unemployment in Canada
International Monetary Fund - 1989
This paper presents empirical estimates of the policy and structural determinants of the natural rate of unemployment … real wages to their equilibrium level. Estimates are presented showing how the generosity of the unemployment insurance … system is related to past levels of unemployment. The empirical results indicate that government policies have been largely …
Persistent link: https://www.econbiz.de/10014396305