The paper examines the consequences of fiscal consolidation in times of persistently low growth and high unemployment … unemployment at five-year horizons are significantly above one during PR episodes. These results suggest that medium-term fiscal …

To understand better Canada's smooth reallocation of labor in response to the recent commodity price boom, but …. Overall, it finds that while Canada's labor market efficiency seems comparable to that of the United States, product market …

The Dominican Republic has posted high rates of output and productivity growth, but labor market indicators have … enough to raise employment rates, and lackluster real earnings along with still-rampant labor market informality suggest that … most of the new jobs are of low quality. Low real wages and low labor force participation suggest the need of raising …

on their effect on aggregate demand. We raise the possibility that in response to labor supply shocks firms adjust … negative correlation between growth in TFP and labor inputs over the medium to long run. In addition, when using instruments to … capture changes in hours worked that are independent of TFP shocks, we find that cross-country increases in labor input cause …

problems in its labor market, reflected in its high long–term and youth unemployment. Our analysis of the drivers of labor …Labor productivity levels in Bulgaria lag well behind that in the EU, weighing on the convergence process. Stronger …

-shedding observed during the recent financial crisis. The paper finds that the rapid growth of the real wage, which outpaced the labor … there is a co-integrating link between the real wage and labor productivity, the deviations from equilibrium are persistent … and thus contribute to a weak link between real wage growth and labor productivity growth in the short term. This finding …

under the most intense pressures to improve corporate profitability and with limited wage flexibility due to labor market …

period 1991 - 2009, the results suggest that structural policies aimed at increasing labor and product market flexibility and …