Showing 1 - 10 of 47,917
in models by analysing the measurement of duration dependence of unemployment. Since search theory can’t be made … operational for this purpose duration models which model of the outflow process of unemployment with a Weibull function are taken … principle to make a measure of the elasticity of response between unemployment benefit and duration of unemployment. It enables …
Persistent link: https://www.econbiz.de/10011337991
What are the effects of financial market imperfections on unemployment and vacancies in Canada? The author estimates … more volatile labour market. The author finds that the model accounts well for the cyclical behaviour of unemployment and … labour market. Overall, financial shocks contribute about 30 per cent of the fluctuations in unemployment and vacancies for …
Persistent link: https://www.econbiz.de/10009410433
The recent financial crisis and subsequent recession have spurred great interest in the sources of unemployment … the model using Canadian data from 1991 to 2010. I find that, in the long run, unemployment fluctuations are mainly driven … per cent of unemployment fluctuations. I also find that inclusion of the recent financial crisis data in the estimation is …
Persistent link: https://www.econbiz.de/10010201384
In this paper, we assess several methods that have been used to measure the Canadian trend unemployment rate (TUR). We … extent to which methods provide explanations for changes in trend unemployment; (ii) whether revisions to unemployment gap … (UGAP, the difference between the actual unemployment rate and TUR) estimates are well behaved; (iii) if UGAPs provide …
Persistent link: https://www.econbiz.de/10011992476
This paper considers the adjustment of physical capital within a country in the long run and in the short run. It uses a unique data set on income, labor, human capital, and private and public physical capital in the Spanish regions over the past two decades. In the long run, the movement of...
Persistent link: https://www.econbiz.de/10005263773
combination of posted reservation wages, depending on parameters. We also show how wages, profits, and unemployment depend on …
Persistent link: https://www.econbiz.de/10005263884
, we simulate the effects of this reform on unemployment, employment, and welfare. We estimate that the CNE will lead to …
Persistent link: https://www.econbiz.de/10005263994
Differences in per capita output across Canadian provinces have narrowed less than disparities in per capita income in past decades. Using a panel regression framework, this paper studies the differential impact of federal transfer programs on output convergence. The evidence suggests that while...
Persistent link: https://www.econbiz.de/10005264150
non accelerating inflation rate of unemployment (NAIRU) improves on univariate methods as the Hodrick-Prescott (HP) filter. …
Persistent link: https://www.econbiz.de/10005264226
Heightened uncertainty since the onset of the Great Recession has materially increased saving rates, contributing to lower consumption and GDP growth. Consistent with a model of precautionary savings in the face of uncertainty, we find for a panel of advanced economies that greater labor income...
Persistent link: https://www.econbiz.de/10009654146