E24 - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-19T07:03:18+00:00Uncovering the Differences Among Displaced Workers: Evidence from Canadian Job Separation Records
https://www.bankofcanada.ca/2023/10/staff-working-paper-2023-55/
We revisit the measurement of the sources and consequences of job displacement using Canadian job separation records.2023-10-27T10:08:52+00:00enUncovering the Differences Among Displaced Workers: Evidence from Canadian Job Separation Records2023-10-27Labour marketsPotential outputProductivityStaff Working Paper 2023-55https://www.bankofcanada.ca/wp-content/uploads/2023/10/swp2023-55.pdfUncovering the Differences Among Displaced Workers: Evidence from Canadian Job Separation RecordsSerdar BirinciYoungmin ParkThomas PughKurt SeeOctober 2023EE2E24E3E32JJ3J31J6J63J65Labor Market Shocks and Monetary Policy
https://www.bankofcanada.ca/2023/10/staff-working-paper-2023-52/
We develop a heterogeneous-agent New Keynesian model featuring a frictional labor market with on-the-job search to quantitatively study the positive and normative implications of employer-to-employer transitions for inflation.2023-10-05T14:31:46+00:00enLabor Market Shocks and Monetary Policy2023-10-05Business fluctuations and cyclesInflation and pricesLabour marketsMonetary policyStaff Working Paper 2023-52https://www.bankofcanada.ca/wp-content/uploads/2023/10/swp2023-52.pdfStaff Working Paper 2023-52Serdar BirinciFatih KarahanYusuf MercanKurt SeeOctober 2023EE1E12E2E24E5E52JJ3J31J6J62J64Labour Supply and Firm Size
https://www.bankofcanada.ca/2023/08/staff-working-paper-2023-47/
This paper documents a systematic pattern of how wages, hours and their relationship vary across firms of different sizes. Using a model with heterogeneous firms and workers, we show how the interplay between wages, hours and firm size affect worker sorting and inequality.2023-08-25T10:06:58+00:00enLabour Supply and Firm Size2023-08-25Firm dynamicsLabour marketsStaff Working Paper 2023-47https://www.bankofcanada.ca/wp-content/uploads/2023/08/swp2023-47.pdfStaff Working Paper 2023-47Lin ShaoFaisal SohailEmircan YurdagulAugust 2023EE2E24JJ2J3J31Time Use and Macroeconomic Uncertainty
https://www.bankofcanada.ca/2023/05/staff-working-paper-2023-29/
We estimate the effects of economic uncertainty on time use and discuss its macroeconomic implications. We develop a model to demonstrate that substitution between market and non-market work provides an additional insurance margin to households, weakening precautionary savings and labour supply and lowering aggregate demand, ultimately amplifying the contractionary effects of uncertainty.2023-05-30T08:13:37+00:00enTime Use and Macroeconomic Uncertainty2023-05-30Business fluctuations and cyclesCoronavirus disease (COVID-19)Domestic demand and componentsMonetary policy and uncertaintyStaff Working Paper 2023-29https://www.bankofcanada.ca/wp-content/uploads/2023/05/swp2023-29.pdfTime Use and Macroeconomic UncertaintyMatteo CacciatoreStefano GnocchiDaniela HauserMay 2023EE2E24E3E32E5E52JJ2J22Benchmarks for assessing labour market health: 2023 update
https://www.bankofcanada.ca/2023/05/staff-analytical-note-2023-7/
We enhance benchmarks for assessing strength in the Canadian labour market. We find the labour market remains tight despite recent strong increases in labour supply, including among prime-working-age women. We also assess the anticipated easing in labour conditions in a context of high population growth.2023-05-29T10:01:05+00:00enBenchmarks for assessing labour market health: 2023 update2023-05-29The Impact of Unemployment Insurance and Unsecured Credit on Business Cycles
https://www.bankofcanada.ca/2023/04/staff-working-paper-2023-22/
This paper studies how unsecured consumer credit impacts the extent to which unemployment insurance (UI) policies smooth aggregate consumption fluctuations over the business cycle. Using a general equilibrium real business cycle model, I find that unsecured credit amplifies the extent to which UI smooths cyclical consumption fluctuations.2023-04-13T11:15:08+00:00enThe Impact of Unemployment Insurance and Unsecured Credit on Business Cycles2023-04-13Business fluctuations and cyclesCredit and credit aggregatesEconomic modelsFiscal policyLabour marketsStaff Working Paper 2023-22https://www.bankofcanada.ca/wp-content/uploads/2023/04/swp2023-22.pdfStaff Working Paper 2023-22Michael IrwinApril 2023EE2E21E24E3E32E4E44E6E62The Central Bank’s Dilemma: Look Through Supply Shocks or Control Inflation Expectations?
https://www.bankofcanada.ca/2022/09/staff-working-paper-2022-41/
When countries are hit by supply shocks, central banks often face the dilemma of either looking through such shocks or reacting to them to ensure that inflation expectations remain anchored. In this paper, we propose a tractable framework to capture this dilemma and then explore optimal policy under a range of assumptions about how expectations are formed.2022-09-20T15:30:42+00:00enThe Central Bank’s Dilemma: Look Through Supply Shocks or Control Inflation Expectations?2022-09-20Central bank researchEconomic modelsInflation and pricesMonetary policyMonetary policy and uncertaintyMonetary policy communicationsStaff Working Paper 2022-41https://www.bankofcanada.ca/wp-content/uploads/2022/09/swp2022-41.pdfStaff Working Paper 2022-41Paul BeaudryThomas J. CarterAmartya LahiriSeptember 2022EE1E12E2E24E3E31E5E52E58E6E65How Do People View Price and Wage Inflation?
https://www.bankofcanada.ca/2022/07/staff-working-paper-2022-34/
This paper examines household-level data from the Canadian Survey of Consumer Expectations (CSCE) to understand households’ expectations about price and wage inflation, how those expectations link to views about labour market conditions and the subsequent impact on households’ outlook for real spending growth.2022-07-22T12:45:13+00:00enHow Do People View Price and Wage Inflation?2022-07-22Inflation and pricesMonetary policy communicationsStaff Working Paper 2022-34https://www.bankofcanada.ca/wp-content/uploads/2022/07/swp2022-34.pdfStaff Working Paper 2022-34Monica JainOlena KostyshynaXu ZhangJuly 2022CC8C83DD8D84EE2E21E24E3E31Benchmarks for assessing labour market health
https://www.bankofcanada.ca/2022/04/staff-analytical-note-2022-2/
We propose a range of benchmarks for assessing labour market strength for monetary policy. This work builds on a previous framework that considers how diverse and segmented the labour market is. We apply these benchmarks to the Canadian labour market and find that it has more than recovered from the COVID-19 shock.2022-04-13T14:04:42+00:00enBenchmarks for assessing labour market health2022-04-13Contribution of Human Capital Accumulation to Canadian Economic Growth
https://www.bankofcanada.ca/2022/04/staff-discussion-paper-2022-7/
This paper quantifies the contribution of human capital accumulation to the growth of real gross domestic product (GDP) in Canada.2022-04-01T14:53:39+00:00enContribution of Human Capital Accumulation to Canadian Economic Growth2022-04-01Econometric and statistical methodsLabour marketsPotential outputProductivityStaff Discussion Paper 2022-7https://www.bankofcanada.ca/wp-content/uploads/2022/04/sdp2022-7.pdfStaff Discussion Paper 2022-7Audra BowlusYoungmin ParkChris RobinsonApril 2022DD2D24EE2E24JJ2J24J3J31OO4O47