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The European Community and the U.S. have experienced vastly different unemployment dynamics over the last two decades … reallocation, it is found that most differences in unemployment dynamics arise because of differences in responses to shocks. In …
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The U.S. labor force participation rate (LFPR) fell dramatically following the Great Recession and has yet to start recovering. A key question is how much of the post-2007 decline is reversible, something which is central to the policy debate. The key finding of this paper is that while around...
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Spain has had a serious structural unemployment problem for the last 20 years. This paper argues that the interaction … of firing costs and job-to-job flows added to changes in unemployment benefits, could provide an explanation for … equilibrium unemployment increasing, since 1984. First, we construct a new series of job-to-job flows and show it is significantly …
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To understand better Canada's smooth reallocation of labor in response to the recent commodity price boom, but seemingly poor productivity performance, this paper examines job and firm dynamics in Canada relative to the United States. Overall, it finds that while Canada's labor market efficiency...
Persistent link: https://www.econbiz.de/10005263929