Wage Flexibility and Unemployment Dynamics in Regional Labor Markets
| Author | : Thomas Hyclak |
| Publisher | : W. E. Upjohn Institute |
| Total Pages | : 132 |
| Release | : 1992 |
| Genre | : Business & Economics |
| ISBN | : |
Wage Flexibility And Unemployment Dynamics In Regional Labor Markets
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Labor Market Flexibility and Unemployment
| Author | : Mr.Lorenzo E. Bernal-Verdugo |
| Publisher | : International Monetary Fund |
| Total Pages | : 28 |
| Release | : 2012-03-01 |
| Genre | : Business & Economics |
| ISBN | : 1463948905 |
The aim of this paper is to analyze the relationship between labor market flexibility and unemployment outcomes. Using a panel of 97 countries from 1985 to 2008, the results of the paper suggest that improvements in labor market flexibility have a statistically and significant negative impact on unemployment outcomes (over unemployment, youth unemployment and long-term unemployment). Among the different labor market flexibility indicators analyzed, hiring and firing regulations and hiring costs are found to have the strongest effect.
Agglomeration, Growth, and Adjustment
| Author | : Thiess Büttner |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 213 |
| Release | : 2013-11-11 |
| Genre | : Business & Economics |
| ISBN | : 3642511880 |
It is dealt with disparities in employment growth, unemployment, and wages between regional labor markets in Germany. First, endogenous formation and growth of industry locations due to agglomeration economies is established as a basic source of disparity in employment. Then, spatial frictions and local wage inflexibility due to central wage bargaining are detected as causes of unemployment disparities. Throughout the book theoretical analysis is combined with rigorous empirical testing using a large set of regional data at district level. In order to gain and robustify empirical results, recent methods in panel econometrics and spatial data analysis are employed. An overview on the extent of key regional labor market disparities in Germany is given. The book enables to assess our current understanding of the role of locational issues in causing those disparities, and thus to understand the basic justification of regional policy.
Regional Labor Market Adjustments in the United States
| Author | : Mai Dao |
| Publisher | : International Monetary Fund |
| Total Pages | : 51 |
| Release | : 2014-11-25 |
| Genre | : Business & Economics |
| ISBN | : 1498380433 |
We examine patterns of regional adjustments to shocks in the US during the past four decades. We find that the response of interstate migration to relative labor market conditions has decreased, while the role of the unemployment rate as absorber of regional shocks has increased. However, the response of net migration to regional shocks is stronger during aggregate downturns and increased particularly during the Great Recession. We offer a potential explanation for the cyclical pattern of migration response based on the variation in consumption risk sharing.
Regional Labor Market Adjustments in the United States and Europe
| Author | : Mai Dao |
| Publisher | : International Monetary Fund |
| Total Pages | : 38 |
| Release | : 2014-02-11 |
| Genre | : Business & Economics |
| ISBN | : 1475598599 |
We examine patterns of regional adjustments to shocks in the US during the past 40 years. Using state-level data, we estimate the dynamic response of regional employment, unemployment, participation rates and net migration to state-relative labor demand shocks. We find that (i) the long-run effect of a state-specific shock on the state employment level has decreased over time, suggesting less overall net migration in response to a regional shock, (ii) the role of the participation rate as absorber of regional shocks has increased, (iii) the response of net migration to regional shocks is stronger, while that of relative unemployment is weaker during aggregate downturns, and (iv) the change in the response intensity of migration is related to the declining trend in regional dispersion of labor market conditions. Finally, using regional data for a set of 21 European countries, we show that while the short-term response of participation rates to labor demand shocks is typically larger in Europe than in the US, the immediate response of net migration in Europe has increased over time.
The Labor Market and Economic Adjustment
| Author | : Pierre-Richard Agénor |
| Publisher | : International Monetary Fund |
| Total Pages | : 98 |
| Release | : 1995-11-01 |
| Genre | : Business & Economics |
| ISBN | : 1451854781 |
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.
The European Labour Market
| Author | : Floro Ernesto Caroleo |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 341 |
| Release | : 2006-06-15 |
| Genre | : Business & Economics |
| ISBN | : 3790816809 |
This book brings together up-to-date findings on the regional dimensions of European labour markets. It provides a conceptual and empirical study of the interactions between the European economy and its regions, paying particular attention to the issue of the transition of Central and Eastern European countries to a market economy. The topics analysed include: the structure of the shocks affecting employment (regional, industrial, national), the relationships between labour market efficiency and the regional distribution of unemployment, wage flexibility in EU member countries or in their regions and the role of active labour market policies in affecting the regional distribution of employment and unemployment.
Labor Market Institutions and Unemployment Dynamics in Transition Economies
| Author | : Ms.Zuzana Brixiova |
| Publisher | : International Monetary Fund |
| Total Pages | : 47 |
| Release | : 1997-10-01 |
| Genre | : Business & Economics |
| ISBN | : 1451930569 |
This paper studies interactions between labor market institutions and unemployment dynamics in transition economies. It presents a dynamic matching model in which state sector firms endogenously shed labor and private job creation takes time. Two main conclusions arises. First, higher unemployment benefits increase steady-state unemployment, and, during the transition, they reduce the fall in real wages and speed up closure of state enterprises. Second, higher minimum wages can theoretically speed up the elimination of state sector jobs without affecting steady-state unemployment. These results are broadly consistent with existing evidence on the dynamics of unemployment and real wages in transition economies.
Labor Market Adjustment in Canada and the United States
| Author | : Mr.Eswar Prasad |
| Publisher | : International Monetary Fund |
| Total Pages | : 25 |
| Release | : 1997-01-01 |
| Genre | : Business & Economics |
| ISBN | : 1451841728 |
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.
Geographies of Labour Market Inequality
| Author | : Ron Martin |
| Publisher | : Routledge |
| Total Pages | : 281 |
| Release | : 2003-09-02 |
| Genre | : Architecture |
| ISBN | : 1134421583 |
In recent years, the local dimensions of the labour market have attracted increasing attention from academic analysts and public policy-makers alike. There is growing realization that there is no such thing as the national labour market, instead a mosaic of local and regional markets that differ in nature, performance and regulation. Geographies of Labour Market Inequality is concerned with these multiple geographies of employment, unemployment, work and incomes, and their implications for public policy.
