J - Labor and Demographic Economics - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T08:18:12+00:00The Impacts of Minimum Wage Increases on the Canadian Economy
https://www.bankofcanada.ca/2017/12/staff-analytical-note-2017-26/
This note reviews the channels through which scheduled minimum wage increases over the coming years may affect Canadian economic activity and inflation and assesses their macroeconomic impacts. From reduced-form estimates of direct minimum wage pass-through, we find that consumer price index (CPI) inflation could be boosted by about 0.1 percentage point (pp) on average in 2018.2017-12-29T09:40:59+00:00enThe Impacts of Minimum Wage Increases on the Canadian Economy2017-12-29Wage Dynamics and Returns to Unobserved Skill
https://www.bankofcanada.ca/2017/12/staff-working-paper-2017-61/
Economists disagree about the factors driving the substantial increase in residual wage inequality in the U.S. over the past few decades. We identify and estimate a general model of log wage residuals that incorporates: (i) changing returns to unobserved skills, (ii) a changing distribution of unobserved skills, and (iii) changing volatility in wages due to factors unrelated to skills.2017-12-27T10:25:24+00:00enWage Dynamics and Returns to Unobserved Skill2017-12-27Econometric and statistical methodsLabour marketsStaff Working Paper 2017-61https://www.bankofcanada.ca/wp-content/uploads/2017/12/swp2017-61.pdfWage Dynamics and Returns to Unobserved SkillLance LochnerYoungmin ParkYoungki ShinDecember 2017CC2C23JJ2J24J3J31The Causal Impact of Migration on US Trade: Evidence from Political Refugees
https://www.bankofcanada.ca/2017/11/staff-working-paper-2017-49/
Immigrants can increase international trade by shifting preferences towards the goods of their country of origin and by reducing bilateral transaction costs. Using geographical variation across U.S. states for the period 2008 to 2013, I estimate the respective causal impact of immigrants on U.S. exports and imports.2017-11-20T10:27:28+00:00enThe Causal Impact of Migration on US Trade: Evidence from Political Refugees2017-11-20International topicsRegional economic developmentsStaff Working Paper 2017-49https://www.bankofcanada.ca/wp-content/uploads/2017/11/swp2017-49.pdfThe Causal Impact of Migration on US Trade: Evidence from Political RefugeesWalter SteingressNovember 2017FF1F14F2F22JJ6J61Labour Force Participation: A Comparison of the United States and Canada
https://www.bankofcanada.ca/2017/07/staff-analytical-note-2017-9/
This note explores the drivers behind the recent increase in the US participation rate in the labour market and assesses the likelihood of a similar gain in Canada. The growth in the US participation rate has largely been due to a pickup in the participation of prime-age workers following a post-recession decline.2017-07-10T12:02:06+00:00enLabour Force Participation: A Comparison of the United States and Canada2017-07-10Wage Growth in Canada and the United States: Factors Behind Recent Weakness
https://www.bankofcanada.ca/2017/07/staff-analytical-note-2017-8/
This note examines the relatively subdued pace of wage growth in Canada since the commodity price decline in 2014 and assesses whether the weakness is attributable to cyclical (e.g., labour market slack) or structural factors (e.g., resource reallocation and demographic change).2017-07-10T11:56:06+00:00enWage Growth in Canada and the United States: Factors Behind Recent Weakness2017-07-10Downward Nominal Wage Rigidity, Inflation and Unemployment: New Evidence Using Micro‐Level Data
https://www.bankofcanada.ca/2017/06/staff-analytical-note-2017-6/
Recent evidence suggests that the extent of downward nominal wage rigidity (DNWR) in the Canadian labour market has risen following the 2008–09 recession (see Brouillette, Kostyshyna and Kyui 2016).2017-06-01T14:11:08+00:00enDownward Nominal Wage Rigidity, Inflation and Unemployment: New Evidence Using Micro‐Level Data2017-06-01Constrained Efficiency with Adverse Selection and Directed Search
https://www.bankofcanada.ca/2017/04/staff-working-paper-2017-15/
Constrained efficient allocation (CE) is characterized in a model of adverse selection and directed search (Guerrieri, Shimer, and Wright (2010)). CE is defined to be the allocation that maximizes welfare, the ex-ante utility of all agents, subject to the frictions of the environment.2017-04-20T13:21:02+00:00enConstrained Efficiency with Adverse Selection and Directed Search2017-04-20Economic modelsFinancial marketsFinancial system regulation and policiesMarket structure and pricingStaff Working Paper 2017-15https://www.bankofcanada.ca/wp-content/uploads/2017/04/swp2017-15.pdfConstrained Efficiency with Adverse Selection and Directed SearchMohammad DavoodalhosseiniApril 2017DD8D82D83EE2E24GG1JJ3J31J6J64A Canada-US Comparison of Labour Market Conditions
https://www.bankofcanada.ca/2017/04/staff-analytical-note-2017-4/
In this note, we provide a brief comparison of the recent developments in the labour markets in Canada and the United States. Our analysis indicates that slack remains in the Canadian labour market, while the US labour market is close to full employment.2017-04-12T10:01:21+00:00enA Canada-US Comparison of Labour Market Conditions2017-04-12