Showing 1 - 10 of 120
This paper provides the first systematic study of how minimum wage policies in China affect firm employment over the … impact on employment, with an estimated elasticity of -0.1. Furthermore, we find a heterogeneous effect of the minimum wage … on employment which depends on the firm's wage level. Specifically, the minimum wage has a greater negative impact on …
Persistent link: https://www.econbiz.de/10011123849
We examine the impact of uncertainty on employment dynamics. Alternative measures of uncertainty are constructed based … price index, and fuel prices. Our results indicate that greater uncertainty has a negative impact on growth of employment …-existent or weaker. Our results suggest that to truly understand the effects of uncertainty on employment dynamics, we need to …
Persistent link: https://www.econbiz.de/10011123865
Developments during the global financial crisis have highlighted the importance of differentiating across financial systems and institutions. Assessments of financial stability have increasingly considered the characteristics of individual banks within a financial system, as well as those with...
Persistent link: https://www.econbiz.de/10011142011
Jorda’s (2005) local projection methodology, we find that cumulative fiscal multipliers related to output, employment and …
Persistent link: https://www.econbiz.de/10011142040
This paper finds a negative relationship between the employment share of the service sector and the volatility of …
Persistent link: https://www.econbiz.de/10011142123
Wide-ranging structural reforms are underway in Italy, aimed at addressing key bottlenecks in the product and labor markets. Our analysis, based on the IMF‘s Global Integrated Monetary and Fiscal model (GIMF), attempts to quantify the potential gains to the economy from a comprehensive...
Persistent link: https://www.econbiz.de/10011142132
This paper compiles and compares recent and past measures introduced to contain the public wage bill in a number of emerging and advanced economies to assess their effectiveness in bringing down expenditure in a sustained way. In the aftermath of the Great Recession a number of countries have...
Persistent link: https://www.econbiz.de/10011142136
This paper examines the impact of fiscal policy on employment through the lenses of Okun’s Law. Looking at the panel … of OECD countries over the past three decades, we find that fiscal policy can affect employment beyond the impact it is … can amplify the impact of the output gap on employment gaps. …
Persistent link: https://www.econbiz.de/10011142200
The aim of this paper is to provide new estimates of employment-output elasticities and assess the effect of structural … and macroeocnomic policies on the employment-intensity of growth. Using an unbalanced panel of 167 countries over the … reducing government size have a significant and positive impact on employment elasticities. In addition, the results also …
Persistent link: https://www.econbiz.de/10011155507
enough to raise employment rates, and lackluster real earnings along with still-rampant labor market informality suggest that …
Persistent link: https://www.econbiz.de/10011242228