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Wage Flexibility in Turbulent Times; A Practitioner's Guide

International Monetary Fund (IMF); International … - 2005

This paper reviews several methods to measure wage flexibility, and their suitability for evaluating the extent of such flexibility during times of structural change, when wage distributions and wage curves can be particularly volatile. The paper uses nonparametric estimation to capture possible...

Persistent link: https://www.econbiz.de/10005248228

Equilibrium Wage Dispersion; An Example

International Monetary Fund (IMF); International … - 2006

Search models with posting and match-specific heterogeneity generate wage dispersion. Given K values for the match-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...

Persistent link: https://www.econbiz.de/10005263884

Canadian Firm and Job Dynamics

Balakrishnan, Ravi - International Monetary Fund (IMF) - 2008

To understand better Canada's smooth reallocation of labor in response to the recent commodity price boom, but seemingly poor productivity performance, this paper examines job and firm dynamics in Canada relative to the United States. Overall, it finds that while Canada's labor market efficiency...

Persistent link: https://www.econbiz.de/10005263929

Can Institutional Reform Reduce Job Destruction and Unemployment Duration? Yes it Can

International Monetary Fund (IMF); International … - 2012

unemployment level at which such preferences are satisfied Using a panel of 20 OECD countries over 1985-2008, we find employment …

Persistent link: https://www.econbiz.de/10009654152

Employment Protection and Business Cycles in Emerging Economies

Lama, Ruy; Urrutia, Carlos - International Monetary Fund (IMF) - 2011

We build a small open economy, real business cycle model with labor market frictions to evaluate the role of employment … significant change in aggregate employment. …

Persistent link: https://www.econbiz.de/10009401199

Banks and Labor As Stakeholders; Impacton Economic Performance

Ueda, Kenichi; Claessens, Stijn - International Monetary Fund (IMF) - 2008

affected by bank branch deregulation and employment protection occurring over 1972-1993. We find that financial liberalization …, employment protection promotes those industries that are more knowledge intensive, while the effect of financial liberalization … an efficiency channel, better reallocating resources across sectors, while employment protection creates higher …

Persistent link: https://www.econbiz.de/10005825652

Measuring a Roller Coaster; Evidenceon the Finnish Output Gap

Billmeier, Andreas - International Monetary Fund (IMF) - 2004

The output gap-which measures the deviation of actual output from its potential-is frequently used as an indicator of slack in an economy. This paper estimates the Finnish output gap using various empirical methods. It evaluates these methods against economic history and each other by a...

Persistent link: https://www.econbiz.de/10005825681

Regional Economic Disparities in Australia

Ramakrishnan, Uma; Cerisola, Martin D. - International Monetary Fund (IMF) - 2004

capita income, output, and employment levels across the country's states and territories. This paper explores the role of …

Persistent link: https://www.econbiz.de/10005826034

Work Absence in Europe

Bonato, Leo; Lusinyan, Lusine - International Monetary Fund (IMF) - 2004

Work absence is an important part of the individual decision on actual working hours. This paper focuses on sickness absence in Europe and develops a stylized model where absence is part of the labor-leisure decision made by workers and the production decision made by profit-maximizing firms,...

Persistent link: https://www.econbiz.de/10005826222

Why Are Women Working so Much More in Canada? An International Perspective

Tsounta, Evridiki - International Monetary Fund (IMF) - 2006

This paper analyzes the role of the tax and benefit system in spurring the impressive increase in Canadian female labor participation in the last decade. Using annual panel data for 10 large industrial countries over the period 1980-2001, I find that reforms in the Canadian tax and benefit...

Persistent link: https://www.econbiz.de/10005826383