As debt work-outs facilitate recovery from Asia'a recession, GDP there can be expected to rise and manufactured exports to expand. Asian imports and investment will remain low, however, as crisis-enhanced foreign debt is serviced and domestic savings continue to be sent abroad. Superficially,...

This paper adapts a more general yet standard global model to investigate international effects of wage regulation and of the Asian emergence. The Davis result that European unemployment raises the wage in the US is supported, though the generalisations in our model greatly weaken it. By...

We present theoretical and empirical results on consumption during an enmployment spell.

Receipt of unemployment insurance by immigrant men and social assistance by immigrant families are analysed using thirteen surveys from Canada. Estimates from a cohort fixed effects model are found to be sensitive to the choice of survey years. This is due to the mis-specification of the fixed...