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Equilibrium Wage Dispersion; An Example
International Monetary Fund (IMF); International … - 2006
-specific variable, it is known that there are K reservation wages that could be posted, but generically never more than two actually are … posted in equilibrium. What is unknown is when we get two wages, and which wages are actually posted. For an example with K … 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
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Why is Unemployment High in the Philippines?
Brooks, Ray - International Monetary Fund (IMF) - 2002
Unemployment has remained high in the Philippines, at almost twice the level of neighboring countries, despite relatively fast employment growth in the past decade. Employment growth was not sufficient to reduce unemployment because of rapid population growth and increased labor force...
Persistent link: https://www.econbiz.de/10005826094
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What Determines the Reservation Wages of Unemployed Workers? New Evidence From German Micro Data
Prasad, Eswar - International Monetary Fund (IMF) - 2003
This paper provides new empirical evidence on the relationship between reservation wages of unemployed workers and … perspective on how reservation wages change over time and how they correlate with accepted wage offers for workers who move from …
Persistent link: https://www.econbiz.de/10005826626
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Search in the Labor Market Under Imperfectly Insurable Income Risk
Roca, Mauro - International Monetary Fund (IMF) - 2009
calibrated to the U.S. shows that market incompleteness affects individual behavior and aggregate conditions: it reduces wages …
Persistent link: https://www.econbiz.de/10008528693
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Cyprus; Selected Issues and Statistical Appendix
International Monetary Fund (IMF); International … - 2005
This Selected Issues paper and Statistical Appendix analyzes labor market institutions and reforms for Cyprus. The paper describes the legal and institutional framework of the Cypriot labor market, and discusses the voluntary framework for negotiations, the degree of unionization and the system...
Persistent link: https://www.econbiz.de/10005598850
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A Cointegration Model for Search Equilibrium Wage Formation
International Monetary Fund (IMF); International … - 2004
In flow models of the labor market, wages are determined by negotiations between workers and employers on the surplus …
Persistent link: https://www.econbiz.de/10005604781
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Job-Specific Investment and the Cost of Dismissal Restrictions; The Case of Portugal
Takizawa, H. - International Monetary Fund (IMF) - 2003
Using a search and matching labor market equilibrium model, this paper quantifies lost labor productivity and consumption per worker that emerges from the restrictions on dismissals. Dismissal restrictions hamper the efficient reallocation of workers, with workers remaining longer in jobs. But...
Persistent link: https://www.econbiz.de/10005604782
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To Fire or to Hoard? Explaining Japan’s Labor Market Response in the Great Recession
Steinberg, Chad; Nakane, Masato - International Monetary Fund (IMF) - 2011
The Great Recession pushed Japan’s unemployment rate to historic highs, but the increase has been small by international standards and small relative to the large output shock. This paper explores Japan’s cyclical labor market response to the global financial crisis. Our findings suggest...
Persistent link: https://www.econbiz.de/10008839361
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Republic of Estonia; Selected Issues
International Monetary Fund (IMF); International … - 2006
This paper assesses Estonia’s flexibility from two angles. The paper focuses on one aspect of that performance—the ability to sustain competitiveness. Then, a more forward-looking angle is the flexibility of Estonia’s labor and product markets. Estonia has made great...
Persistent link: https://www.econbiz.de/10011244007
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Okun's Law; Fit at 50?
Ball, Laurence M.; Leigh, Daniel; Loungani, Prakash - International Monetary Fund (IMF) - 2013
This paper asks how well Okun’s Law fits short-run unemployment movements in the United States since 1948 and in twenty advanced economies since 1980. We find that Okun’s Law isa strong and stable relationship in most countries, one that did not change substantiallyduring the Great...
Persistent link: https://www.econbiz.de/10011242241