E24 - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T13:07:36+00:00Labor Market Policies During an Epidemic
https://www.bankofcanada.ca/2020/12/staff-working-paper-2020-54/
We study the labour market and welfare effects of expanding unemployment insurance benefits and introducing payroll subsidies during the COVID-19 pandemic. We find that both policies are complementary and are beneficial to different types of workers. Payroll subsidies preserve the employment of workers in highly productive jobs, while unemployment insurance replaces lost income for workers who experience inevitable job loss.2020-12-16T08:59:45+00:00enLabor Market Policies During an Epidemic2020-12-16Business fluctuations and cyclesCoronavirus disease (COVID-19)Fiscal policyLabour marketsStaff Working Paper 2020-54https://www.bankofcanada.ca/wp-content/uploads/2020/12/swp2020-54.pdfStaff Working Paper 2020-54Serdar BirinciFatih KarahanYusuf MercanKurt SeeDecember 2020EE2E24E6E62JJ6J64Towards a HANK Model for Canada: Estimating a Canadian Income Process
https://www.bankofcanada.ca/2020/12/staff-discussion-paper-2020-13/
How might one simulate a million realistic income paths and compute their statistical moments in under a second? Using CUDA-based methods to estimate the Canadian earnings process, I find that the distribution of labour income growth is sharply peaked with heavy tails—similar to that in the United States.2020-12-11T09:42:20+00:00enTowards a HANK Model for Canada: Estimating a Canadian Income Process2020-12-11Economic modelsLabour marketsStaff Discussion Paper 2020-13https://www.bankofcanada.ca/wp-content/uploads/2020/12/sdp2020-13.pdfTowards a HANK Model for Canada: Estimating a Canadian Income ProcessIskander KaribzhanovDecember 2020DD3D31EE2E24JJ3J31