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Driving forces of the Canadian economy : an accounting exercise

Cociuba, Simona E. (contributor); … - 2008

productivity observed in the Canadian economy. The paper performs a decomposition of the labor factor for Canada and the United … distortions. Moreover, the milder reduction in the labor market distortions observed in Canada, compared to the US, is due to a … relative increase in effective labor taxes in Canada. -- Labour markets ; Potential output ; Productivity …

Persistent link: https://www.econbiz.de/10003711689

Trends in U.S. hours and the labor wedge

Cociuba, Simona E.; Ueberfeldt, Alexander - 2010

From 1980 until 2007, U.S. average hours worked increased by thirteen percent, due to a large increase in female hours. At the same time, the U.S. labor wedge, measured as the discrepancy between a representative household's marginal rate of substitution between consumption and leisure and the...

Persistent link: https://www.econbiz.de/10008695460

Schooling, inequality and government policy

Kryvtsov, Oleksiy (contributor); … - 2007

This paper asks: What is the effect of government policy on output and inequality in an environment with education and labor-supply decisions? The answer is given in a general equilibrium model, consistent with the post 1960s facts on male wage inequality and labor supply in the U.S. In the...

Persistent link: https://www.econbiz.de/10003463634

Labour supply and firm size

Shao, Lin; Sohail, Faisal; Yurdagul, Emircan - 2023 - Last updated: August 25, 2023

Larger firms feature i) longer hours worked, ii) higher wages, and iii) smaller (larger) wage penalties for working long (short) hours. We reconcile these patterns in a general equilibrium model, which features the endogenous interaction of hours, wages, and firm size. In the model, workers...

Persistent link: https://www.econbiz.de/10014456607

Labor demand response to labor supply incentives : lessons from the German Mini-Job Reform

Galassi, Gabriela - 2021 - Last updated: March 29, 2021

This paper analyzes how firms respond to changes in tax benefits for low-earning workers and how, through equilibrium effects, such policies also affect non-targeted, high-earning workers. I explore establishment-level outcomes around Germany's 2003 Mini-Job Reform, which entailed a significant...

Persistent link: https://www.econbiz.de/10012493308

Financial stress, monetary policy, and economic activity

Li, Fuchun; St-Amant, Pierre - 2010

This paper examines empirically the impact of financial stress on the transmission of monetary policy shocks in Canada …

Persistent link: https://www.econbiz.de/10003981316

Estimating the structure of the payment network in the LVTS : an application of estimating communities in network data

Chapman, James; Zhang, Nellie - 2010

In the Canadian large value payment system an important goal is to understand how liquidity is transferred through the system and hence how efficient the system is in settling payments. Understanding the structure of the underlying network of relationships between participants in the payment...

Persistent link: https://www.econbiz.de/10003981323

Structural inflation models with real wage rigidities : the case of Canada

Dufour, Jean-Marie; Khalif, Lynda; Kichian, Maral - 2009

Real wage rigidities have recently been proposed as a way of building intrinsic persistence in inflation within the context of New Keynesian Phillips Curves. Using two recent illustrative structural models, we evaluate empirically the importance of real wage rigidities in the data and the extent...

Persistent link: https://www.econbiz.de/10003933276

Short changed? : the market's reaction to the short sale ban of 2008

Gagnon, Louis; Witmer, Jonathan - 2009

the trading volume from the U.S. to Canada among financial stocks during the ban. Both price and volume effects are …-sales restrictions (Miller (1977)). Our findings also imply that pessimistic investors were more preponderant in the U.S. than in Canada … Canada prior to the ban. -- Financial markets ; International topics …

Persistent link: https://www.econbiz.de/10003933290

Consumption, housing collateral, and the Canadian business cycle

Christensen, Ian; Corrigan, Paul; Mendicino, Caterina; … - 2009

Using Bayesian methods, we estimate a small open economy model in which consumers face limits to credit determined by the value of their housing stock. The purpose of this paper is to quantify the role of collateralized household debt in the Canadian business cycle. Our findings show that the...

Persistent link: https://www.econbiz.de/10003933334