Showing 1 - 10 of 768
This paper quantitatively investigates how population aging trend affects fiscal space measured as unused revenue generating capacity by utilizing a standard neoclassical growth model. A calibration exercise for G-7 countries shows that France, Germany and Italy suffer greater revenue impact...
Persistent link: https://www.econbiz.de/10009618513
In the spirit of what is known as business cycle accounting, this paper finds that the investment wedge-the gap between household's rate of intertemporal substitution and the marginal product of capital-is large and quantitatively significant in explaining China's and India's growth. Specific...
Persistent link: https://www.econbiz.de/10012677577
impact on unemployment in the short term, but that this effect rapidly disappears in the medium term in countries with … with more rigid labor market institutions. These effects are even larger for youth unemployment in the short term and long …-term unemployment in the medium term. Conversely, large upfront, or gradual but significant, comprehensive labor …
Persistent link: https://www.econbiz.de/10009572447
relates average unemployment to average wage inflation; the curve is virtually vertical for high inflation rates but becomes …
Persistent link: https://www.econbiz.de/10012677671
Despite improvements in labor market performance over the past decade, owing in part to past reforms, Italy's employment and productivity outcomes continue to lag behind those of its European peers. This paper reviews Italy's institutional landscape and labor market trends from a cross-country...
Persistent link: https://www.econbiz.de/10012677740
Intro -- Contents -- I. INTRODUCTION -- II. DATA AND METHODOLOGY -- III. INTERNATIONAL COMPARISONS -- IV. RESULTS ACROSS CANADIAN PROVINCES -- V. EXTENDING THE CANADIAN MODEL -- VI. CONCLUSIONS -- REFERENCES -- Data Appendix.
Persistent link: https://www.econbiz.de/10012691050
This paper provides new estimates of Okun's unemployment-output relationship in euro area countries between 1979 and … characterise the literature and that the responsiveness of output to unemployment is driven by idiosyncratic factors in both euro …
Persistent link: https://www.econbiz.de/10015328521
2022, vacancies reached record highs across all sectors while unemployment fell to pre-pandemic lows. At the same time, the …
Persistent link: https://www.econbiz.de/10015058791
Tunisia has one of the highest unemployment rates within the Middle East and Central Asia. We look at the extent to … which institutional factors explain those high unemployment levels. We also assess unemployment cyclicality, by looking at … institutional factors that affect labor demand explain not only about a quarter of the unemployment rate increase in Tunisia, but …
Persistent link: https://www.econbiz.de/10015059052
We use the novel anonymized Household Labour Force Survey (HLFS) microdata to analyze job finding rates and job separation rates in New Zealand. We find that individual characteristics, including age, gender, ethnicity and education have a significant impact on job finding and separation rates,...
Persistent link: https://www.econbiz.de/10015060160