This paper analyzes the effects of imports on employment in the US manufacturing sector in the 1980s and 1990s, focusing on the 'technique' effect of foreign competition on employment. This effect represents within industry changes in labor demand that may arise as domestic producers shift...

This paper develops a model of rating migration by the credit rating agencies. We analyse how the rating agencies enhance efficiency. In this framework, we also investigate the possibility of a regulator increasing net surplus by appropriate policies. The firms have private information regarding...

The goal of this research is to analyze developments in employment and employment characteristics during the current crisis in Croatia. The main findings can be summarized as follows: (1) The primary (aggregate) mode of adjustment to the crisis was a decline in employment. There are, however,...

Several countries in the Asia-Pacific region are experiencing demographic changes. Over 60 per cent of the world's youth live in Asia and the Pacific, which translates into more than 750 million young women and men aged 15 to 24 years. They represent a key asset for the countries of this region....

This paper uses a simple model of the labor supply to identify the distribution of the reserve wages. The distribution of the reserve wages of the non-employed population (Unemployed or out of the labor force) it's fundamental not only to understand the nature of the no-employment but to also...

The article summarises the main findings of the Eurosystem’s 2012 Structural Issues Report (SIR) and highlights some specific aspects for Belgium. It describes the main developments on euro area labour markets since the start of the Great Recession and its impact on mismatches and long-term...

Flexible labour market can be defined as the market with capability to adapt to changing economic conditions so as to keep high employment rate, un-employment and inflation low and ensure continued growth in real incomes. Labour market flexibility has a significant influence on employment level...

An institutional trap emerges in the gap between actual wage rate in Ukraine and the wage that provides the growth in working-age population. This activates the mechanism of demographic trap.