This tenth issue of the International Productivity Monitor produced by the Centre for the Study of Living Standards contains six articles. Topics covered are: the puzzling recent behaviour of labour productivity in Canada; an international perspective on Canada's productivity performance since the...

The ninth issue of the International Productivity Monitor published by the Centre for the Study of Living Standards contains six articles. Topics covered are: the magnitude of the Canada-U.S. productivity gap at the industry level; productivity puzzles facing researchers; the link between...

We consider a segmented labor market characterized by a Shapiro-Stiglitz efficiency wage setting in both sectors. However, the primary sector and the secondary sector differ in the firing cost which induces a wage diffential. We suppose also a heterogeneous labor force characterized by the...

Dans cet article, nous étudions les effets des critères d’attribution des allocations chômage dans un modèle de chômage d’équilibre où les efforts de recherche et les salaires sont endogènes. La prise en compte d’une durée d’emploi minimale exigée pour bénéficier des...

According to the conventional wisdom, we face a trade-off between our equity and efficiency objectives. The author challenges this proposition. He shows in a rigorous manner that employment subsidies can indeed lead to lower unemployment and higher productivity growth in a standard economic...

The purpose of the article is to analyse the consequences of the constraint of shareholder value on the wage level and equilibrium unemployment rate. We will relate the new program of maximization of the firm, as well as the one of the trade union. We obtain an increase of the unemployment rate...

This paper re-examines the effects of population aging and pension reforms in an OLG model with labor market frictions. The most important feature brought about by labor market frictions is the connection between the interest rate and the unemployment rate. Exogenous shocks (such as aging)...

We incorporate on-the-job search (OTJS) into a real business cycle model in order to study whether OTJS increases the cyclical volatility of unemployment and vacancies. The increased search of employed workers during expansions has two effects on the unemployed: it induces firms to openmore...

We build on the DSGE literature to propose an overlapping generation model for Luxembourg. By way of illustration, the model is then used to study the consequences of the ageing of the population and the potential effects of alternative macroeconomic policies.

How Wisconsin has been successful in reducing jobless rate.