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Impacts of Labor Market Institutions and Demographic Factors on Labor Markets in Latin America
Kugler, Adriana - 2019
This paper documents recent labor market performance in the Latin American region. The paper shows that unemployment … employment protection legislation (EPL), minimum wages (MW), payroll taxes, unemployment insurance (UI) and collective bargaining … conclusions on the impact of labor market institutions and demographic factors on unemployment, informality, inequality and …
Persistent link: https://www.econbiz.de/10012864112
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More Work to Do? Taking Stock of Latin American Labor Markets
David, Antonio C. - 2019
commodity boom period led to important gains in employment and a fall in the unemployment rate as labor demand outpaced an …-examination of Okun's law shows that informality dampens changes in unemployment accompanying output fluctuations. Moreover, we …
Persistent link: https://www.econbiz.de/10012889137
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Informality and the Challenge of Pension Adequacy : Outlook and Reform Options for Peru
Freudenberg, Christoph - 2019
Past reforms have put the Peruvian pension system on a largely fiscally sustainable path, but the system faces important challenges in providing adequate pension levels for a large share of the population. Using administrative microdata at the affiliate level, we project replacement rates in the...
Persistent link: https://www.econbiz.de/10012865831
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The Drivers, Implications and Outlook for China's Shrinking Current Account Surplus
Deb, Pragyan - 2019
China's current account surplus has declined significantly from its peak in 2008 and the external position in 2018 was in line with medium-term fundamentals and desirable policies. While cyclical factors and expansionary credit and fiscal policies contributed, the trend decline has been largely...
Persistent link: https://www.econbiz.de/10012858380
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Structural Unemployment in Luxembourg : Bad Luck or Rational Choice?
Gbohoui, William - 2019
This paper combines both micro and macro approaches to identify the drivers of (un)employment and inactivity in … unemployment. High unemployment of young and low-skilled workers reflects substantial unemployment traps, while disincentives for … (respectively seniors). Further reduction of structural unemployment requires better integration of vulnerable groups into the labor …
Persistent link: https://www.econbiz.de/10012858381
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A Quantitative Analysis of Female Employment in Senegal
Malta, Vivian - 2019
Female-to-male employment in Senegal increased by 14 percentage points between 2006 and 2011. During the same period years of education of the working age population increased 27 percent for females and 13 percent for males, reducing gender gaps in education. In this paper, we quantitatively...
Persistent link: https://www.econbiz.de/10012858383
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On the Substitution of Private and Public Capital in Production
An, Zidong - 2019
Most macroeconomic models assume that aggregate output is generated by a specification for the production function with total physical capital as a key input. Implicitly this assumes that private and public capital stocks are perfect substitutes. In this paper we test this assumption by...
Persistent link: https://www.econbiz.de/10012858388
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Entry Costs and the Macroeconomy
Gutierrez Gallardo, German - 2019
We combine a structural model with cross-sectional micro data to identify the causes andconsequences of rising concentration in the US economy. Using asset prices and industrydata, we estimate realized and anticipated shocks that drive entry and concentration. Wevalidate our approach by showing...
Persistent link: https://www.econbiz.de/10012858953
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Long-Term Macroeconomic Effects of Climate Change : A Cross-Country Analysis
Kahn, Matt - 2019
We study the long-term impact of climate change on economic activity across countries, using a stochastic growth model where labor productivity is affected by country-specific climate variables-defined as deviations of temperature and precipitation from their historical norms. Using a panel data...
Persistent link: https://www.econbiz.de/10012859854
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Job Polarization and the Declining Fortunes of the Young : Evidence from the United Kingdom
Dabla-Norris, Era - 2019
This paper uses a life-cycle framework to document new stylized facts about the nexus between job polarization and earnings inequality. Using quarterly labor force data for the UK over the period 2000-2018, we find clear life-cycle profiles in the probability of being employed within each...
Persistent link: https://www.econbiz.de/10012859855