While the Korean unemployment rates are currently among the lowest in OECD countries, the labor market duality and the … employment and reducing duality are likely to be considerable in the medium term …

. I apply the HMM to (1) calculate the long-run consequences of separation from stable employment, (2) study evolutions of … employment stability across different demographic groups over the past several decades, (3) compare the dynamics of labor market …

The paper examines the consequences of fiscal consolidation in times of persistently low growth and high unemployment … Jorda’s (2005) local projection methodology, we find that cumulative fiscal multipliers related to output, employment and … unemployment at five-year horizons are significantly above one during PR episodes. These results suggest that medium-term fiscal …

using macroeconomic data on employment, unemployment, participation, and (for Canada) migration and real wages. We find that …

The Great Recession pushed Japan’s unemployment rate to historic highs, but the increase has been small by … the global financial crisis. Our findings suggest that: (i) employment responsiveness has been historically low but rising … historical patterns once we control for the size of the output shock; and (iii) the comparatively lower employment response vis …

The negative and stable relationship between an economy's aggregate demand conditions and overall unemployment is well …-documented. We show that there is a large degree of heterogeneity in the cyclical sensitivities of unemployment across worker and … economy groups. First, unemployment is more than twice as sensitive to aggregate demand in advanced as in emerging market and …

towards non-regular employment despite women's high education levels. This paper empirically examines what helps Japan and … Korea to increase FLFP by type (i.e., regular vs. non-regular employment), using the SVAR model. In so doing, we compare … tend to reduce the proportion of regular female employment in Japan and Korea, (ii) the persistent gender wage gap …

control for factors that influence personal choice, we re-examine the determinants of female employment in Europe. The results … employment …