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Many arguments that have been advanced in favor of maintaining capital control within the EEC have not paid sufficient attention to the welfare consequences of this type of market intervention. Our paper provides a simple, optimizing framework in which the welfare consequences of capital...
Persistent link: https://www.econbiz.de/10013223860
movements remain an empirical question. Using detailed data from the United States, Canada, the United Kingdom, and Japan we …
Persistent link: https://www.econbiz.de/10014158798
theory. Interestingly, no such ambiguity is evidenced in the data. Examining the filing patterns of the four major users of …
Persistent link: https://www.econbiz.de/10013226990
Consumers living near the U.S.-Canada border can shift their expenditures between the two countries, so real exchange …
Persistent link: https://www.econbiz.de/10013227029
influenced by exchange rate shocks and much slower to adjust to long run steady states. The United States, Japan, Canada, the …
Persistent link: https://www.econbiz.de/10013220400
We examine local labor markets in the U.S. and Canada from 1990 to 2011 using comparable household and business data …. Wage levels and inequality rise with city population in both countries, albeit less in Canada. Neither country saw wage … similarly, although in Canada they attract immigrant and highly-skilled workers more, while raising housing costs less. Chinese …
Persistent link: https://www.econbiz.de/10012889486
The standard neo-classical model of wage setting predicts short-term effects of temporary labor market shocks on careers and low costs of recessions for both more and less advantaged workers. In contrast, a vast range of alternative career models based on frictions in the labor market suggests...
Persistent link: https://www.econbiz.de/10012760417
States, Canada, Germany, and several other OECD countries during and after the Great Recession of 2008-09. Unemployment rates … increased moderately in Canada. More recent data also show that, unlike Germany and Canada, the U.S. unemployment rate remains …
Persistent link: https://www.econbiz.de/10013043619
growth. Although U.S. shocks are the dominant influence on aggregate employment growth in Canada, sectoral shocks account for …
Persistent link: https://www.econbiz.de/10013223005
States and Canada. First, the Canadian and United States industry-level job creation and destruction rates are remarkably … similar. Industries with high (low) job creation in the U.S. exhibit high (low) job creation in Canada. The same is true for …
Persistent link: https://www.econbiz.de/10013225575