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Greater job creation in the US than in Germany has often been related to greater wage dispersion coupled with less … International Adult Literacy Survey we find that employment of skilled to unskilled labour is unrelated to differences in skill … premium but that changes in relative employment are related to changes in relative wages raising the possibility of some …
Persistent link: https://www.econbiz.de/10012471302
adult per year, a drop of 4.9 percentage points in the employment-population ratio, and a rise in the shadow economy equal … to 3.8 percent of GDP. It also leads to 10 to 30 percent lower employment and value added shares in (a) retail trade and …
Persistent link: https://www.econbiz.de/10012468184
Due to population aging, GDP growth per capita and GDP growth per working-age adult have become quite different among many advanced economies over the last several decades. Countries whose GDP growth per capita performance has been lackluster, like Japan, have done surprisingly well in terms of...
Persistent link: https://www.econbiz.de/10014437045
Standard models suggest that adverse labor demand shocks will lead to bigger employment losses if institutional factors … explains the contrast between the United States, where real wages fell over the 1980s and aggregate employment expanded … vigorously, and Europe, where real wages were (roughly) constant and employment was stagnant. We test this hypothesis by …
Persistent link: https://www.econbiz.de/10012473372
decline of profitability and employment in manufacturing, and simulated using annual data from 1950 to 1979. The wage …
Persistent link: https://www.econbiz.de/10012478099
greater flexibility in wages, these two countries also exhibit more stable employment behavior over the business cycle. In …
Persistent link: https://www.econbiz.de/10012478304
European countries exhibit significant differences in employment rates of adult males. Differences in labor … migrants to isolate the effect of culturally transmitted labor-leisure preferences on individual employment rates. If migrants … about 24% of the top-bottom variation in employment rates across European countries …
Persistent link: https://www.econbiz.de/10012457108
other countries. However, these policies also appear to encourage part-time work and employment in lower level positions: US …
Persistent link: https://www.econbiz.de/10012459963
and affects the overall effectiveness of forward guidance. We find that the central banks of the U.S., the U.K., Germany …
Persistent link: https://www.econbiz.de/10014421202
We define the Fisherian Golden Rule measure of bond market inflation expectations as the difference between bond rates and trend real GDP growth rates. The concept is based on the Fisherian theory that an increase in longer-term inflation expectations would be reflected in longer-term interest...
Persistent link: https://www.econbiz.de/10012470134