Shocking Aspects of Canadian Labour Markets
We analyze the flexibility of the Canadian labour market across provinces in both an inter- and intra-national context using macroeconomic data on employment, unemployment, participation, and (for Canada) migration and real wages. We find that Canadian labour markets respond in a similar manner to their U.S. counterparts and are more flexible than those in major euro area countries. Within Canada, the results indicate that labour markets in Ontario and provinces further west are more flexible, particularly with regard to migration, while those further east are less so.
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- Decressin, Jorg & Fatas, Antonio, 1995.
"Regional labor market dynamics in Europe,"
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- International Monetary Fund, 2005. "Canada; 2005 Article IV Consultation-Staff Report; Staff Statement; and the Public Information Notice on the Executive Board Discussion for Canada," IMF Staff Country Reports 05/118, International Monetary Fund.
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