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The lack of consolidated Canadian micro data on household balance sheets and expenditures has been an important impediment to empirical research into real-financial linkages in the Canadian household sector. Our paper attempts to fill this data gap by merging household balance sheet data from...
Persistent link: https://www.econbiz.de/10003933402
on household debt and unplanned savings over 2020. We merge data from the Survey of Financial Security and the Survey of … debt and savings. We highlight two other important channels. First, income replacement programs (notably CERB) only …-to-distance goods and so experience larger declines in consumption expenditures. This contributes to the high savings observed during …
Persistent link: https://www.econbiz.de/10012322138
In Canada, temporary workers account for 14 per cent of jobs in the non-farm business sector, are present in a range of … costly labour adjustment and temporary workers. The calibrated model captures some features of job reallocation in Canada …
Persistent link: https://www.econbiz.de/10008695468
This paper studies the evolution of individual earnings inequality and dynamics in Canada from 1983 to 2016 using tax … declining gender gap), Canada experienced relatively modest changes in overall earnings inequality, volatility, and mobility …
Persistent link: https://www.econbiz.de/10012507206
We revisit the measurement of the sources and consequences of job displacement using Canadian job separation records. To circumvent administrative data limitations, conventional approaches address selection by identifying displacement effects through mass-layoff separations, which are...
Persistent link: https://www.econbiz.de/10014456716
optimal allocation. This policy aims to stabilize the savings rate in the economy via the effect of expected inflation on real …
Persistent link: https://www.econbiz.de/10003462957
possible shifts in global savings and investment that have led to this fall in the world real interest rate. There are several … increase in desired global savings to explain the decline in global interest rates. Second, the results indicate that the key … factors explaining movements in savings and investment are variables that evolve relatively slowly over time, such as labour …
Persistent link: https://www.econbiz.de/10003463047
We study price posting with undirected search in a search-theoretic monetary model with divisible money and divisible goods. Ex ante homogeneous buyers experience match specific preference shocks in bilateral trades. The shocks follow a continuous distribution and the realization of the shocks...
Persistent link: https://www.econbiz.de/10009315719
We document countercyclical corporate saving behavior with the degree of countercyclicality varying nonmonotonically with firm size. We then develop a dynamic stochastic general equilibrium model with heterogeneous firms to explain the pattern and study its implications for business cycles. In...
Persistent link: https://www.econbiz.de/10011946440
We use administrative data for Norway to estimate an incomplete-market life cycle model of retired singles and couples with a bequest motive, health-dependent utility, and uncertain longevity and health. We allow the parameters of the bequest utility to differ between households with and without...
Persistent link: https://www.econbiz.de/10014562957