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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- International Monetary Fund, 2005. "Canada: Staff Report for the 2005 Article IV Consultation," IMF Staff Country Reports 05/118, International Monetary Fund.
- Decressin, Jorg & Fatas, Antonio, 1995.
"Regional labor market dynamics in Europe,"
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Elsevier, vol. 39(9), pages 1627-1655, December.
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"Structural Reforms and the Macroeconomy: The Role of General Equilibrium Effects,"
IZA Discussion Papers
833, Institute for the Study of Labor (IZA).
- Gersbach, Hans, 2003. "Structural Reforms and the Macroeconomy: The Role of General Equilibrium Effects," CEPR Discussion Papers 4043, C.E.P.R. Discussion Papers.
- Olivier Jean Blanchard & Lawrence F. Katz, 1992. "Regional Evolutions," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 23(1), pages 1-76.
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