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Persistent link: https://www.econbiz.de/10012435380
This paper investigates the impact of inflation in different states of unemployment: evidence with the Phillips curve … in South Africa. The contribution of this paper is to examine the impact of inflation on different states of unemployment …% increase in inflation results in a 2.61% increase and a 0.06% decrease in unemployment, respectively. There are times when the …
Persistent link: https://www.econbiz.de/10013500632
Persistent link: https://www.econbiz.de/10001690065
Persistent link: https://www.econbiz.de/10003134889
Persistent link: https://www.econbiz.de/10014228311
This paper investigates the impact of inflation in different states of unemployment: evidence with the Phillips curve … in South Africa. The contribution of this paper is to examine the impact of inflation on different states of unemployment …% increase in inflation results in a 2.61% increase and a 0.06% decrease in unemployment, respectively. There are times when the …
Persistent link: https://www.econbiz.de/10014257094
Persistent link: https://www.econbiz.de/10001335822
High unemployment in many OECD countries is often attributed, at least in part, to the generosity and long duration of unemployment compensation. It is therefore instructive to examine a country where high unemployment exists despite the near complete absence of an unemployment insurance system....
Persistent link: https://www.econbiz.de/10010262445
This paper uses efficiency wage theory and the existence of community-based sharing to hypothesize that labor markets in developing countries have multiple equilibria - the same economy can be stuck at different levels of unemployment with different levels of wages. The model is meant for...
Persistent link: https://www.econbiz.de/10010268768
The financial and economic crisis of 2008 and 2009 has taken its toll on the South African economy. The economy contracted for the first time since 1998, and entered recession during the fourth quarter of 2008. The GDP contraction was soon transmitted to the labor market. Between the second...
Persistent link: https://www.econbiz.de/10010269538