The paepr reviews different reasons for the emergence in the 1980s of an unemployment gap between Canada and the U.S. We develop a small equilibrium model ofthe Canadian labor market to quantify and evaluate these reasons. We conclude that the gap is essentially due to the liberalization of the...

Analysts' earnings forecasts are not perfectly correlated with actual earnings. One statistical consequence is that the most optimistic and most pessimistic forecasts are usually too optimistic and too pessimistic. The forecasts' accuracy can be improved by shrinking them towards the mean....

This paper investigates the effect of minimum wages on employment using a panel of US state-based data. We estimate a minimalist dynamic version of the specification implied by neo-classical theory. We find statistically and economically significant effects of minimum wages on youth employment....

This paper investigates the effect of minimum wages on employment using a panel of US state-based data. We estimate a minimalist dynamic version of the specification implied by neo-classical theory. We find statistically and economically significant effects of minimum wages on youth employment....

The paper analyzes the effect on the unemployment rate of a number of labour market policy variables; in particular, minimum wages and the parameters of the unemployment benefit. We study the unemployment rates of the Canadian provinces for five demographic groups. We conclude the replacement...

The paper develops and estimates a small equilibrium model of the Canadian post-war labour market. The framework is imperfect competition in product and labour markets which, we argue, is forced upon us by the empirical fact that real wages do not on their own explain the business cycle. The...

The paper analyzes the effect on the migration rate of a number of labour market variables; in particular, relative wage levels and growth rates, and the relative unemployment rates in the home and foreign country. We study the Ireland-U.K. migration rate and use the estimates to predict...

Our paper analyzes the determinants of unemployment rates in Canada. The theoritical framework incorporates "demande-side" as well as "supply-side" variables: the interest rate, federal spending, taxation, foreign activity, minimum wages, union density, demographic pressure, unemployment...

We analyze the determinants of Canadian unemployment in a framework incorporating demand and supply-side variables: the interest rate, taxation, foreign activity, minimum wages, union density, demographic pressure, unemployment insurance, terms of trade. The model is estimated with 500...