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The Canadian Labor Market : Developments, Prospects, and Policy

Prasad, Eswar - 1994

hypotheses concerning the slow employment growth and rise in unemployment since 1990 are evaluated. The analysis indicates that a … large part of the recent rise in the unemployment rate may reflect an increase in the structural rather than the cyclical … component of unemployment. Various sources of labor market rigidities that may have contributed to the increase in structural …

Persistent link: https://www.econbiz.de/10014398109

Currency Unions, Economic Fluctuations, and Adjustment : Some New Empirical Evidence

Prasad, Eswar - 1996

This paper examines the sources of disturbances to output in the United States and a set of EU countries and analyzes labor market adjustment mechanisms in these two economic areas. Comparable datasets comprising 1-digit sectoral data for eight U.S. regions and eight European countries are...

Persistent link: https://www.econbiz.de/10014396091

What Determines the Reservation Wages of Unemployed Workers? : New Evidence From German Micro Data

Prasad, Eswar - 2003

macroeconomic factors--including the unemployment rate and generosity of the unemployment compensation system--as well as individual …-specific determinants, such as human capital proxies and length of unemployment spell. The longitudinal dataset provides an interesting … unemployment to employment. The findings shed light on the disincentive effects of the German tax and transfer system for the …

Persistent link: https://www.econbiz.de/10014403637

The Italian Labor Market : Stylized Facts, Institutions, and Directions for Reform

Prasad, Eswar - 1998

This paper provides a synthesis of existing and new empirical perspectives on the structure of the Italian labor market, using data at different levels of disaggregation. The analysis indicates that aggregate data mask considerable disparities in labor market outcomes across regions and...

Persistent link: https://www.econbiz.de/10014400656

Labor Market Adjustment in Canada and the United States

Thomas, Alun H. - 1997

mechanisms in Canada and the United States and also examines the effects of the unemployment insurance (UI) system on labor … market adjustment. At the aggregate level, employment growth shocks result in similar unemployment rate responses but smaller … wage responses in Canada relative to the United States. Although overall UI generosity has increased aggregate unemployment …

Persistent link: https://www.econbiz.de/10014401211

Skill Heterogeneity and Aggregation Bias Over the Business Cycle

Prasad, Eswar - 1995

This paper extends the equilibrium business cycle framework to incorporate ex ante skill heterogeneity among workers. Consistent with the empirical evidence, skilled and unskilled workers in the model face the same degree of cyclical variation in real wages although unskilled workers are subject...

Persistent link: https://www.econbiz.de/10014397788

Labor Market Aspects of Industrial Restructuring in Canada

Prasad, Eswar - 1993

This note examines recent developments in the Canadian labor market to provide a partial assessment of the magnitude and nature of industrial restructuring in Canada. The implications of industrial restructuring for the medium- and long-term prospects for the Canadian economy are examined. The...

Persistent link: https://www.econbiz.de/10014398108

The Employment and Wage Effects of Oil Price Changes : A Sectoral Analysis

Keane, Michael P. - 1995

In this paper, we use micro panel data to examine the effects of oil price changes on employment and real wages, at the aggregate and industry levels. We also measure differences in the employment and wage responses for workers differentiated on the basis of skill level. We find that oil price...

Persistent link: https://www.econbiz.de/10014398223

Shocks and Structural Breaks : Labor Market Reforms in the United Kingdom

Prasad, Eswar - 1994

unemployment. This is attributed to certain aspects of the wage bargaining system and the influence of relative wage norms in the …

Persistent link: https://www.econbiz.de/10014396034

Possible Effects of European Monetary Unionon Switzerland : A Case Study of Policy Dilemmas Caused by Low Inflation and the Nominal Interest Rate Floor

Laxton, Douglas - 1997

This paper examines the possible effects on Switzerland of asset preference shifts in favor of Swiss-franc-denominated assets that could result from EMU. Alternative policy responses to temporary and persistent asset preference shifts and the consequent pressures for exchange rate appreciation...

Persistent link: https://www.econbiz.de/10014401212