The Persistence of Unemployment in Canada and Sectoral Labour Mobility PDF Download
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Author: Ossama Mikhail
Publisher:
ISBN:
Category : Labor mobility
Languages : en
Pages : 950
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Book Description
"This dissertation is an economic investigation into the persistency of Canadian unemployment. It examines whether this persistence is caused by sectoral shifts. Empirically, we test for persistence using the Cochrane Variance ratio and the modified rescaled range test statistics. We estimate unemployment persistence using Bayesian ARFIMA class of models. To understand employment sectoral dynamics, the thesis uses data-driven Vector Autoregression models with emphasis on Classical and Bayesian estimation techniques. At the theoretical level, two structural Real Business Cycle models are proposed to explain how aggregate unemployment persistence emerges from sectoral labour mobility. The main difference between these two models is the impetus of the shock. One model uses relative sectoral technology shocks and the other uses relative sectoral taste shocks. We show that sectoral phenomena are important in accounting for aggregate unemployment fluctuations." --
Author: Ossama Mikhail
Publisher:
ISBN:
Category : Labor mobility
Languages : en
Pages : 950
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Book Description
"This dissertation is an economic investigation into the persistency of Canadian unemployment. It examines whether this persistence is caused by sectoral shifts. Empirically, we test for persistence using the Cochrane Variance ratio and the modified rescaled range test statistics. We estimate unemployment persistence using Bayesian ARFIMA class of models. To understand employment sectoral dynamics, the thesis uses data-driven Vector Autoregression models with emphasis on Classical and Bayesian estimation techniques. At the theoretical level, two structural Real Business Cycle models are proposed to explain how aggregate unemployment persistence emerges from sectoral labour mobility. The main difference between these two models is the impetus of the shock. One model uses relative sectoral technology shocks and the other uses relative sectoral taste shocks. We show that sectoral phenomena are important in accounting for aggregate unemployment fluctuations." --
Author: Surendra Gera
Publisher:
ISBN:
Category : Labor mobility
Languages : en
Pages : 70
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Book Description
Author: Stephen R.G. Jones
Publisher: McGill-Queen's Press - MQUP
ISBN: 0773565426
Category : Business & Economics
Languages : en
Pages : 183
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Book Description
The deep recession and slow recovery of the Canadian economy in the 1980s and the lengthy recession of the early 1990s raised serious questions about economic policy making. The steady worsening of Canadian unemployment rates led some economists to doubt the traditional view that the national economy is by nature self-correcting and to endorse the concept of hysteresis - the idea that the unemployment rate may display no tendency to return to an unchanging natural rate. Such hysteresis would have important and far-reaching implications for economic policy, particularly monetary policy. Jones provides an overview of leading theories of hysteresis and examines international and Canadian evidence from both microeconomic and macroeconomic perspectives. He extends the econometric analysis of hysteresis at both the micro and macro levels and concludes that while there is some evidence of dependence in Canada, the overall picture is not one of hysteresis.
Author: Economic Council of Canada
Publisher:
ISBN:
Category : Canada
Languages : en
Pages : 204
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Book Description
The papers in this document are organized into three blocks, which address the weakening commitment to full employment in the period after World War II, the cyclical and structural components of unemployment, and the persistence of unemployment in the 1980s, respectively. It includes a description of the nature of the unemployment problem in Canada, and discusses some policy implications of the research.
Author: Syed Sajjadur Rahman
Publisher:
ISBN:
Category : Hard-core unemployed
Languages : en
Pages : 80
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Book Description
Author: Pierre-Richard Agénor
Publisher: International Monetary Fund
ISBN: 1451854781
Category : Business & Economics
Languages : en
Pages : 98
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Book Description
This paper examines the role of the labor market in the transmission process of adjustment policies in developing countries. It begins by reviewing the recent evidence regarding the functioning of these markets. It then studies the implications of wage inertia, nominal contracts, labor market segmentation, and impediments to labor mobility for stabilization policies. The effect of labor market reforms on economic flexibility and the channels through which labor market imperfections alter the effects of structural adjustment measures are discussed next. The last part of the paper identifies a variety of issues that may require further investigation, such as the link between changes in relative wages and the distributional effects of adjustment policies.
Author: Bob Barnetson
Publisher: Athabasca University Press
ISBN: 1771992417
Category : Business & Economics
Languages : en
Pages : 204
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Book Description
How does the current labour market training system function and whose interests does it serve? In this introductory textbook, Bob Barnetson wades into the debate between workers and employers, and governments and economists to investigate the ways in which labour power is produced and reproduced in Canadian society. After sifting through the facts and interpretations of social scientists and government policymakers, Barnetson interrogates the training system through analysis of the political and economic forces that constitute modern Canada. This book not only provides students of Canada’s division of labour with a general introduction to the main facets of labour-market training—including skills development, post-secondary and community education, and workplace training—but also encourages students to think critically about the relationship between training systems and the ideologies that support them.
Author: Herbert G. Grubel
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 88
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Book Description
Author:
Publisher:
ISBN:
Category : Labor supply
Languages : en
Pages : 888
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Book Description
Author: International Labour Office
Publisher:
ISBN: 9789220314081
Category : Employment (Economic theory)
Languages : en
Pages : 0
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Book Description
This report provides an overview of global and regional trends in employment, unemployment, labour force participation and productivity, as well as dimensions of job quality such as employment status, informal employment and working poverty. It also examines income and social developments, and provides an indicator of social unrest. Key findings are that are unemployment is projected to rise after a long period of stability, and that many people are working fewer paid hours than they would like or lack adequate access to paid work. The report also takes a close look at decent work deficits and persistent labour market inequalities, noting that income inequality is higher than previously thought.
