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using macroeconomic data on employment, unemployment, participation, and (for Canada) migration and real wages. We find that …
Persistent link: https://www.econbiz.de/10012780165
for immigrants than for natives: a one percentage point increase in the unemployment rate is associated with a 0.61 and 0 …
Persistent link: https://www.econbiz.de/10013252566
Of the recent economic developments in Switzerland, the increased unemployment level deserves special attention. In the … 1990s Switzerland's long tradition of low (almost nonexistent) unemployment was broken. Although still below the levels … experienced in most industrialized countries, Switzerland's recent higher unemployment rate has caused speculation about the …
Persistent link: https://www.econbiz.de/10014050489
-term unemployment rates, leading to the need to reform labour market institutions and make them more flexible. Flexible labour markets … employment and unemployment) but also to reduce the negative impacts on labour market of structural shocks. If we focus on the …, the countries with the best results in terms of unemployment and employment would have been those that had a more flexible …
Persistent link: https://www.econbiz.de/10011927085
Prior to 2020, the Great Recession was the most important macroeconomic shock to the United States economy in generations. Millions lost jobs and homes. At its peak, one in ten workers who wanted a job could not find one. On an annual basis, the economy contracted by more than it had since the...
Persistent link: https://www.econbiz.de/10013251540
Prior to 2020, the Great Recession was the most important macroeconomic shock to the United States economy in generations. Millions lost jobs and homes. At its peak, one in ten workers who wanted a job could not find one. On an annual basis, the economy contracted by more than it had since the...
Persistent link: https://www.econbiz.de/10012405441
We document that fluctuations in part-time employment play a major role in movements in hours per worker, especially during cyclical swings in the labor market. Building on this result, we propose a novel representation of the intensive margin based on a stock-flow framework. The evolution of...
Persistent link: https://www.econbiz.de/10012995588
unemployment and wages in aggregate analysis. We do find, however, evidence of distributional effects when accounting for human …
Persistent link: https://www.econbiz.de/10011646817
inflation. Among other things, the unemployment gap, which is the difference between unemployment rate and non …-accelerating inflation rate of unemployment (NAIRU), is used to measure inflationary pressure from the labour market. This paper examines … revisional property of the NAIRU is also examined, as well as the forecast capacity of the unemployment gap with regard to wages …
Persistent link: https://www.econbiz.de/10011399270
by investments in R&D performed in the high-wage sector. Unemployment is determined by the costs and benefits of waiting … for a high-paid job. The wage structure, growth, and unemployment are shown to depend on the way effort is extracted. …
Persistent link: https://www.econbiz.de/10011326411