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This article explores the long-run relationship between unemployment rate and labor force participation rate in Canada … leads us to doubt the pertinence of the unemployment invariance hypothesis for Canada. This is consistent with the empirical …
Persistent link: https://www.econbiz.de/10011528837
circumstances such as gross domestic product, unemployment, and inflation. In this paper, we bring attention to labour market … Tella et al. (2001) to explore sectoral unemployment levels, labour market tightness, and matching efficiency as LS …-stage, we regress LS measures against the unemployment level, labour market tightness, and matching efficiency. Our results are …
Persistent link: https://www.econbiz.de/10012169657
causes of the unemployment upturn in 1973-1983 and the subsequent decline in 1993-2006. Our results show that (i) the main … determinants of the unemployment rise in the 1970s and early 1980s were wage-push factors, the two oil price shocks and the … increase in interest rates, and (ii) the acceleration in capital accumulation was the crucial driving force of unemployment in …
Persistent link: https://www.econbiz.de/10003793964
role for the cyclicality of the unemployment outflow rate, although the contribution of the duration of unemployment is … significant. In contrast, composition effects dampen the cyclicality of the unemployment inflow rate considerably. We further … observe that the initially positive contribution of composition effects to a higher unemployment outflow rate turns negative …
Persistent link: https://www.econbiz.de/10009531445
global crisis as reflected by the largest increases in their unemployment rates among other developed economies. Spain and … sets of dynamic simulations which account for the swings of the unemployment rates before and after the 2007 crisis. Our … labour productivity, and demographics, succeed in explaining a great part of the changes in unemployment in both countries …
Persistent link: https://www.econbiz.de/10009307347
interact and affect the evolution of unemployment rates and participation rates, the two main indicators of labour market … performance. Our analysis has two special features. First, apart from the two labour market states - employment and unemployment … that a shock to the net flow from unemployment to employment drive the unemployment rate and the participation rate in …
Persistent link: https://www.econbiz.de/10010360089
This paper studies collective contests with endogenous cost sharing, general effort costs and intra-group heterogeneity of prize-valuation. Our objective is to clarify the relationship between cost sharing, intra-group heterogeneity within the competing groups and the elasticity of the marginal...
Persistent link: https://www.econbiz.de/10010361496
We document that fluctuations in part-time employment play a major role in movements in hours per worker, especially during cyclical swings in the labor market. Building on this result, we propose a novel representation of the intensive margin based on a stock-flow framework. The evolution of...
Persistent link: https://www.econbiz.de/10011455784
This paper deals with empirical matching functions. The paper is innovative in several ways. First, unlike in most of the existing literature, matching functions are estimated not only on aggregate, but also on disaggregate levels which is unusual due to the scarcity of appropriate data....
Persistent link: https://www.econbiz.de/10011403040
probabilities between private and public employment, unemployment and inactivity. We examine the stocks and flows by gender, age and … unemployment rate. Public-sector employment contributes 20 percent to fluctuations in the unemployment rate in the UK, 15 percent …
Persistent link: https://www.econbiz.de/10012101955