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Recent U.S. Labor Force Dynamics: Reversible or not?

Balakrishnan, Ravi; Dao, Mai; Sole, Juan; Zook, Jeremy - International Monetary Fund (IMF) - 2015

The U.S. labor force participation rate (LFPR) fell dramatically following the Great Recession and has yet to start recovering. A key question is how much of the post-2007 decline is reversible, something which is central to the policy debate. The key finding of this paper is that while around...

Persistent link: https://www.econbiz.de/10011242381

Uncertainty and Unemployment: The Effects of Aggregate and Sectoral Channels

Choi, Sangyup; Loungani, Prakash - International Monetary Fund (IMF) - 2015

We study the role of uncertainty shocks in explaining unemployment dynamics, separating out the role of aggregate and … measure aggregate and sectoral uncertainty and compare their effects on the unemployment rate in a standard macroeconomic … vector autoregressive (VAR) model. We find that aggregate uncertainty leads to an immediate increase in unemployment, with …

Persistent link: https://www.econbiz.de/10011242392

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

Physical Capital Adjustment within Spain; Long-Run and Short-Run Analysis

Spilimbergo, Antonio; Mauro, Paolo - International Monetary Fund (IMF) - 2001

This paper considers the adjustment of physical capital within a country in the long run and in the short run. It uses a unique data set on income, labor, human capital, and private and public physical capital in the Spanish regions over the past two decades. In the long run, the movement of...

Persistent link: https://www.econbiz.de/10005263773

Reconciling Stability and Growth; Smart Pacts and Structural Reforms

Beetsma, Roel M. W. J.; Debrun, Xavier - International Monetary Fund (IMF) - 2003

This paper analyzes the decision of a government facing electoral uncertainty to implement structural reforms in the presence of fiscal restraints similar to the Stability and Growth Pact. The model shows that a pact may harm structural reforms, sacrificing future growth for present stability....

Persistent link: https://www.econbiz.de/10005263795

Equilibrium Wage Dispersion; An Example

International Monetary Fund (IMF); International … - 2006

combination of posted reservation wages, depending on parameters. We also show how wages, profits, and unemployment depend on …

Persistent link: https://www.econbiz.de/10005263884

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

Social Sector Reform in Transition Countries

Keller, Christian; Heller, Peter S. - International Monetary Fund (IMF) - 2001

During the transition process, many existing social sector institutions and policies were significantly eroded and …

Persistent link: https://www.econbiz.de/10005264010

Regional Convergence and the Role of Federal Transfers in Canada

Swagel, Phillip; Dunaway, Steven Vincent; Kaufman, … - International Monetary Fund (IMF) - 2003

Differences in per capita output across Canadian provinces have narrowed less than disparities in per capita income in past decades. Using a panel regression framework, this paper studies the differential impact of federal transfer programs on output convergence. The evidence suggests that while...

Persistent link: https://www.econbiz.de/10005264150

A Model of Multiple Equilibria in Geographic Labor Mobility

Ubeda, Luis; Spilimbergo, Antonio - International Monetary Fund (IMF) - 2002

exogenous manner by introducing ex-ante regulations or unemployment benefits. This model can also explain why individuals from …

Persistent link: https://www.econbiz.de/10005264165