Labor Market Adjustment in Canada and the United States /

This paper provides a quantitative assessment of the relative importance of different labor market adjustment mechanisms in Canada and the United States and also examines the effects of the unemployment insurance (UI) system on labor market adjustment. At the aggregate level, employment growth shock...

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Автор: Thomas, Alun
Інші автори: Prasad, Eswar
Формат: Журнал
Мова:English
Опубліковано: Washington, D.C. : International Monetary Fund, 1997.
Серія:IMF Working Papers; Working Paper ; No. 1997/002
Онлайн доступ:Full text available on IMF
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245 1 0 |a Labor Market Adjustment in Canada and the United States /  |c Alun Thomas, Eswar Prasad. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1997. 
300 |a 1 online resource (24 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper provides a quantitative assessment of the relative importance of different labor market adjustment mechanisms in Canada and the United States and also examines the effects of the unemployment insurance (UI) system on labor market adjustment. At the aggregate level, employment growth shocks result in similar unemployment rate responses but smaller wage responses in Canada relative to the United States. Although overall UI generosity has increased aggregate unemployment persistence in Canada, the endogenous component of UI has affected unemployment persistence only marginally. The lower degree of aggregate real wage flexibility in Canada has not been an important determinant of unemployment persistence. 
538 |a Mode of access: Internet 
700 1 |a Prasad, Eswar. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1997/002 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1997/002/001.1997.issue-002-en.xml  |z IMF e-Library