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Many arguments that have been advanced in favor of maintaining capital control within the EEC have not paid sufficient attention to the welfare consequences of this type of market intervention. Our paper provides a simple, optimizing framework in which the welfare consequences of capital...
Persistent link: https://www.econbiz.de/10012476147
Consumers living near the U.S.-Canada border can shift their expenditures between the two countries, so real exchange …
Persistent link: https://www.econbiz.de/10012470160
theory. Interestingly, no such ambiguity is evidenced in the data. Examining the filing patterns of the four major users of …
Persistent link: https://www.econbiz.de/10012470721
movements remain an empirical question. Using detailed data from the United States, Canada, the United Kingdom, and Japan we …
Persistent link: https://www.econbiz.de/10012473743
influenced by exchange rate shocks and much slower to adjust to long run steady states. The United States, Japan, Canada, the …
Persistent link: https://www.econbiz.de/10012472967
The Canadian labor market experienced a period of unprecedented turmoil following the onset of the COVID-19 pandemic. We analyze the main changes using standard labor force statistics and new data on job postings. Envisaging a phase of temporary severing of employment relationships followed by a...
Persistent link: https://www.econbiz.de/10012599388
growth. Although U.S. shocks are the dominant influence on aggregate employment growth in Canada, sectoral shocks account for …
Persistent link: https://www.econbiz.de/10012477261
We examine local labor markets in the U.S. and Canada from 1990 to 2011 using comparable household and business data …. Wage levels and inequality rise with city population in both countries, albeit less in Canada. Neither country saw wage … similarly, although in Canada they attract immigrant and highly-skilled workers more, while raising housing costs less. Chinese …
Persistent link: https://www.econbiz.de/10012479660
migration narrowed wage inequality in Canada; increased it in the United States; and reduced the relative wage of workers at the …
Persistent link: https://www.econbiz.de/10012466338
The standard neo-classical model of wage setting predicts short-term effects of temporary labor market shocks on careers and low costs of recessions for both more and less advantaged workers. In contrast, a vast range of alternative career models based on frictions in the labor market suggests...
Persistent link: https://www.econbiz.de/10012466535