This Selected Issues paper reviews recent developments in growth and employment in Bulgaria and highlights key … and financial stabilization in 1997. The global economic crisis had a major effect on Bulgarian growth and employment … its 2008 level. However, employment growth was negative during 2009–2012, and the first small uptick occurred only in …

methodology is applied to Polish micro data. The estimates confirm that wages are less elastic in a high-unemployment … wages, and thus, on the labor market and the real economy, were limited until 1998, but have been quite significant …

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

trap if unemployment lowers household wealth below the cost of skills acquisition. …

relatively fast employment growth in the past decade. Employment growth was not sufficient to reduce unemployment because of …Unemployment has remained high in the Philippines, at almost twice the level of neighboring countries, despite … rapid population growth and increased labor force participation. This paper shows that Philippine employment growth and …

of absence. The results from a panel of 18 European countries indicate that absence is increased by generous insurance …

unemployment to employment. The findings shed light on the disincentive effects of the German tax and transfer system for the …This paper provides new empirical evidence on the relationship between reservation wages of unemployed workers and … macroeconomic factors--including the unemployment rate and generosity of the unemployment compensation system--as well as individual …

Using household level data for France from 1990 to 2000, we estimate a relationship between wages and unemployment … large between 1996 and 2000 and undoubtedly contributed strongly to the exceptional employment performance during that …

This paper develops a general equilibrium model with unemployment and noncooperative wage determination to analyze the … importance of incomplete markets when risk-averse agents are subject to idiosyncratic employment shocks. A version of the model … calibrated to the U.S. shows that market incompleteness affects individual behavior and aggregate conditions: it reduces wages …

Over the past decade, productivity-adjusted wages have grown at a slower pace in Japan than in other rich countries … felt in all advanced economies. Reforms aimed at increasing productivity in services and reducing gaps in employment … protection and benefits between regular and nonregular workers could help put Japan's wages on an upward trajectory in the medium …