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In this paper, we provide compelling evidence that cyclical factors account for the bulk of the post-2007 decline in the U.S. labor force participation rate. We then proceed to formulate a stylized New Keynesian model in which labor force participation is essentially acyclical during “normal...
Persistent link: https://www.econbiz.de/10012667415
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...
Persistent link: https://www.econbiz.de/10014395945
This paper examines the impact of trade on employment, wages, and other outcomes across countries and explores the … firm-level dataset to examine the impact of import competition on employment, wages, and firm performance, as well as the … industries, import competition actually strengthens employment growth. In addition, import competition tends to improve average …
Persistent link: https://www.econbiz.de/10012605685
this had on labor productivity also played a role. In many countries, post-2007 employment losses were modest, as real … this context, the paper discusses the different experiences of the UK (where employment increased) and Spain (where it fell … sharply), and finds that almost two thirds of the employment losses in Spain resulted from the failure of real wages to adjust …
Persistent link: https://www.econbiz.de/10011408256
growth patterns shows that regime changes are quite common in both economic growth and employment growth, yet they are not …
Persistent link: https://www.econbiz.de/10011763747
.S. manufacturing industry, and it finds evidence of asymmetry. Tight policy increases job destruction and reduces net employment …
Persistent link: https://www.econbiz.de/10014400386
Labor market informality is a pervasive feature of most developing economies. Motivated by the empirical regularity that the labor informality rate falls with GDP per capita, both at business cycle frequency and in a cross-section of countries, and that the Okun's coefficient falls with the...
Persistent link: https://www.econbiz.de/10012392626
We estimate the elasticity of private-sector employment to non-oil GDP in the Gulf Cooperation Council (GCC) for GCC … nationals and expatriates using a Seemingly Unrelated Error Correction (SUREC) model. Our results indicate that the employment …
Persistent link: https://www.econbiz.de/10011373929
participation, female formal employment, gender wage gap, as well as on aggregate economic outcomes. The model is estimated using …, and further widens gender gaps in formal employment and wages. Simultaneously implementing such policies with formal job …
Persistent link: https://www.econbiz.de/10011436767
The paper uses a large survey (GSOEP) to analyze the labor market performance of immigrants in Germany. It finds that new immigrant workers earn on average 20 percent less than native workers with otherwise identical characteristics. The gap is smaller for immigrants from advanced countries,...
Persistent link: https://www.econbiz.de/10011436800