Showing 1 - 9 of 9
-term unemployment rate (which would raise equilibrium unemployment rates). However, over the medium term, we expect Canada's potential …
Persistent link: https://www.econbiz.de/10008561074
particular demographic groups. These developments can largely be accounted for by worse matching of people to jobs in the high-unemployment …
Persistent link: https://www.econbiz.de/10005826565
Using household level data for France from 1990 to 2000, we estimate a relationship between wages and unemployment …
Persistent link: https://www.econbiz.de/10005768837
Legally mandated reductions in the workweek can be either a constraint on individuals' choice or a tool to coordinate individuals' preferences for lower work hours. We confront these two hypotheses by studying the consequences of the workweek reduction in France from 39 to 35 hours, which was...
Persistent link: https://www.econbiz.de/10005599717
rates in the business sector in the 1990s, after controlling for many institutions, country-specific effects, and economic … by reducing real wages below levels allowed by technological growth, changes in the unemployment rate, and institutional …
Persistent link: https://www.econbiz.de/10005604960
unemployment or faster growth. Weak output growth after such a cost shock is somewhat puzzling and has led some to question the … structurally slower real wage growth, that is, "wage moderation," does raise output growth and lower unemployment rates. However, I …
Persistent link: https://www.econbiz.de/10005605144
.C from 1991 to 2008, we present econometric evidence that supports that changes in state-level unemployment rates are linked … causality going from mismatches and housing conditions to unemployment rates. The numerical estimates imply that the structural … unemployment rate in 2010 was about 1¾ percentage points higher than before the onset of the housing market meltdown at end-2006 …
Persistent link: https://www.econbiz.de/10009019607
Even though institutions are created to protect workers, they may interfere with labor market functioning, raise … unemployment, and end up being circumvented by informal contracts. This paper uses Brazilian microeconomic data to show that the … could have contributed to the ensuing higher rates of unemployment in the country. Moreover, the paper shows that states …
Persistent link: https://www.econbiz.de/10011242295
Traditionally, shocks to total factor productivity (TFP) are considered exogenous and the employment response depends on their effect on aggregate demand. We raise the possibility that in response to labor supply shocks firms adjust efficiency, rendering TFP endogenous to firms’ production...
Persistent link: https://www.econbiz.de/10011242298