, openness to trade, and changes in employment protection--using a panel of 18 industrial countries over 1960-2000. Since most …

Emerging economies are characterized by higher consumption and real wage variability relative to output and a strongly … interest rate shocks, search-matching frictions increase future employment uncertainty, improving workers’ incentive to save … and generating a greater response of consumption and the current account. Higher consumption response in turn feeds into …

The paper looks at the dynamics of employment in South Africa and examines the factors that contributed to the job … productivity growth in most sectors, played an important role in suppressing employment creation. The paper also finds that while …

concerns. A bold strengthening of labor market reforms is needed to substantially reduce unacceptably high unemployment …

This paper argues that the large differences among EU countries in post-crisis employment performance are to a large … boost profits. With much of the cost adjustment falling on firms’ wage bills, employment losses were largest in countries …

consumption per worker that emerges from the restrictions on dismissals. Dismissal restrictions hamper the efficient reallocation … of workers, with workers remaining longer in jobs. But the restrictions also tend to induce job-specific investments. A … cause substantial losses of labor productivity and consumption. Although lower worker mobility induces job …