J30 - General - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T12:48:42+00:00The Size and Characteristics of Informal (“Gig”) Work in Canada
https://www.bankofcanada.ca/2019/02/staff-analytical-note-2019-6/
Underlying wage growth has fallen short of what would be consistent with an economy operating with little or no slack. While many factors could explain this weakness, the availability of additional labour resources from informal (“gig”) work—not fully captured in standard measures of employment and hours worked—may play a role.2019-02-21T15:25:45+00:00enThe Size and Characteristics of Informal (“Gig”) Work in Canada2019-02-21The State of Labour Market Churn in Canada
https://www.bankofcanada.ca/2019/01/staff-analytical-note-2019-4/
The literature highlights that labour market churn, including job-to-job transitions, is a key element of wage growth. Using microdata from the Labour Force Survey, we compute measures of labour market churn and compare these with pre-crisis averages to assess implications for wage growth.2019-01-30T09:45:54+00:00enThe State of Labour Market Churn in Canada2019-01-30Wage 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 Data2017-06-01Downward Nominal Wage Rigidity in Canada: Evidence from Micro- Level Data
https://www.bankofcanada.ca/2016/08/staff-working-paper-2016-40/
We assess the importance of downward nominal wage rigidity (DNWR) in Canada using both firm- and worker-level microdata. In particular, we analyze employer-level administrative data from the Major Wage Settlements (MWS) and household-based survey data from the Survey of Labour Income Dynamics (SLID).2016-08-18T14:38:46+00:00enDownward Nominal Wage Rigidity in Canada: Evidence from Micro- Level Data2016-08-18Econometric and statistical methodsLabour marketsStaff Working Paper 2016-40https://www.bankofcanada.ca/wp-content/uploads/2016/08/swp-2016-40.pdfDownward Nominal Wage Rigidity in Canada: Evidence from Micro- Level DataDany BrouilletteOlena KostyshynaNatalia KyuiAugust 2016EE2E24JJ3J30Un examen plus approfondi des pressions salariales au Canada
https://www.bankofcanada.ca/2016/07/staff-analytical-note-2016-6/
In this note, we provide a brief outline of the recent developments in wage measures in Canada. We then assess whether wage growth is consistent with its fundamentals.2016-07-13T10:00:43+00:00enUn examen plus approfondi des pressions salariales au Canada2016-07-13The Micro and Macro of Downward Nominal Wage Rigidity
https://www.bankofcanada.ca/wp-content/uploads/2016/05/boc-review-spring16-amano.pdf
The article examines the extent of downward nominal wage rigidity in Canada and its implications for monetary policy. The authors ask whether its existence is a sufficient argument for a higher inflation target if concerns about the effective lower bound are adequately addressed.2016-05-16T08:51:38+00:00enThe Micro and Macro of Downward Nominal Wage Rigidity2016-05-16Reconciling the Differences in Aggregate U.S. Wage Series
https://www.bankofcanada.ca/2016/01/staff-working-paper-2016-1/
Average hourly real wage series from the Labor Productivity and Costs (LPC) program and the Current Employment Statistics (CES) program have evolved very differently over the past decades.2016-01-21T11:09:15+00:00enReconciling the Differences in Aggregate U.S. Wage Series2016-01-21Business fluctuations and cyclesLabour marketsStaff Working Paper 2016-1https://www.bankofcanada.ca/wp-content/uploads/2016/01/swp2016-1.pdfReconciling the Differences in Aggregate U.S. Wage SeriesJulien ChampagneAndré KurmannJay StewartJanuary 2016EE0E01E2E24E3E30JJ3J30Self-Enforcing Labour Contracts and the Dynamics Puzzle
https://www.bankofcanada.ca/2005/01/working-paper-2005-1/
To properly account for the dynamics of key macroeconomic variables, researchers incorporate various internal-propagation mechanisms in their models.2005-01-01T10:41:11+00:00enSelf-Enforcing Labour Contracts and the Dynamics Puzzle2005-01-01Business fluctuations and cyclesEconomic modelsLabour marketsWorking Paper 2005-1 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp05-1.pdfSelf-Enforcing Labour Contracts and the Dynamics PuzzleChristian CalmèsJanuary 2005EE1E12E4E49JJ3J30J31J4J41Poignée de main invisible et persistance des cycles économiques : une revue de la littérature
https://www.bankofcanada.ca/2003/12/working-paper-2003-40/
The author explains how self-enforcing labour contracts can enhance the performance of macroeconomic models. He exposes the benefits of using these dynamic contracts to account for some puzzling macroeconomic facts regarding the dynamics and persistence of employment, consumption and output.2003-12-04T14:47:41+00:00frPoignée de main invisible et persistance des cycles économiques : une revue de la littérature2003-12-04Business fluctuations and cyclesEconomic modelsWorking Paper 2003-40https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp03-40.pdfPoignée de main invisible et persistance des cycles économiques : une revue de la littératureChristian CalmèsDecember 2003EE1E12E4E49JJ3J30J31J4J41