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In this paper, we focus on and examine the empirical evidence of non- linearity in aggregate Canadian unemployment … reject the null hypothesis of a linear structure for Canadian unemployment. …
Persistent link: https://www.econbiz.de/10005412624
A vital implication of unemployment persistence applies to the Bank of Canada's disinflation policies since it … adversely influences unemployment and considerably lengthens recessions. This paper tests for persistence in Canadian sectoral … unemployment, using the modified rescaled-range test. Our results show evidence of persistence in sectoral unemployment that …
Persistent link: https://www.econbiz.de/10005062535
relationship between unemployment and growth. We distinguish low-skilled and high-skilled labour and assume that a union bargains … over the low-skilled labour wage. This causes unemployment, but the growth e ect is ambiguous. On the one hand the higher …
Persistent link: https://www.econbiz.de/10005408356
In this paper we analyse the effects of simultaneous union wage bargaining in a simple two sector growth model. We show that the overall employment effect of unionisation is ambiguous and depends on the relative sectoral wage. Besides the employment effects we analyse how unionisation changes...
Persistent link: https://www.econbiz.de/10005556806