J31 - Wage Level and Structure; Wage Differentials - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T05:14:26+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 2023EE2E24JJ2J3J31Are Working Hours Complements in Production?
https://www.bankofcanada.ca/2022/11/staff-working-paper-2022-47/
Using Canadian matched employer-employee data, we show that working hours of different workers are gross complements in production rather than perfect substitutes, as is typically assumed by macroeconomic models of production.2022-11-21T14:02:45+00:00enAre Working Hours Complements in Production?2022-11-21Economic modelsLabour marketsStaff Working Paper 2022-47https://www.bankofcanada.ca/wp-content/uploads/2022/11/swp2022-47.pdfStaff Working Paper 2022-47Lin ShaoFaisal SohailEmircan YurdagulNovember 2022EE2E23JJ2J22J23J3J31Has wage setting changed in Canada? Evidence from the pre-pandemic 2020 Wage-Setting Survey
https://www.bankofcanada.ca/2022/08/staff-analytical-note-2022-10/
Just before the pandemic began, the Bank of Canada conducted the 2020 Wage-Setting Survey. The goal was to explore the unusual trend of subdued wage growth in 2018 and 2019 despite a tightening in the labour market. Although this wage puzzle was beginning to resolve at the time of the survey, results highlight changes in several factors that may have important impacts on wage dynamics.2022-08-19T12:00:30+00:00enHas wage setting changed in Canada? Evidence from the pre-pandemic 2020 Wage-Setting Survey2022-08-19Income Inequality in Canada
https://www.bankofcanada.ca/2022/07/staff-discussion-paper-2022-16/
Data show that income inequality in Canada increased substantially during the 1980s and first half of the 1990s but has been relatively stable over the past 25 years. This increase was felt mainly by low-income earners and younger people, while older people benefited from higher retirement income.2022-07-27T07:13:13+00:00enIncome Inequality in Canada2022-07-27Central bank researchLabour marketsMonetary and financial indicatorsStaff Discussion Paper 2022-16https://www.bankofcanada.ca/wp-content/uploads/2022/07/sdp2022-16.pdfIncome Inequality in CanadaSarah BurkinshawYaz TerajimaCarolyn A. WilkinsJuly 2022DD3D31D6D63II2I24I3I32JJ3J31J32NN3N32Contribution 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 2022DD2D24EE2E24JJ2J24J3J31OO4O47Four Decades of Canadian Earnings Inequality and Dynamics Across Workers and Firms
https://www.bankofcanada.ca/2021/04/staff-working-paper-2021-20/
We use four decades of Canadian matched employer-employee data to explore how inequality and the dynamics of individual earnings have evolved over time in Canada. We also examine how the earnings growth of individuals is related to the growth of their employers.2021-04-29T10:53:01+00:00enFour Decades of Canadian Earnings Inequality and Dynamics Across Workers and Firms2021-04-29Econometric and statistical methodsFirm dynamicsLabour marketsPotential outputProductivityStaff Working Paper 2021-20https://www.bankofcanada.ca/wp-content/uploads/2021/04/swp2021-20.pdfFour Decades of Canadian Earnings Inequality and Dynamics Across Workers and FirmsAudra BowlusÉmilien Gouin-BonenfantHuju LiuLance LochnerYoungmin ParkApril 2021DD2D22D3D31EE2E24JJ2J24J3J31J6J63Towards 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 2020DD3D31EE2E24JJ3J31Optimal Taxation in Asset Markets with Adverse Selection
https://www.bankofcanada.ca/2020/04/staff-working-paper-2020-11/
What is the optimal tax schedule in over-the-counter markets, e.g., those for corporate bonds? I find that an optimal tax schedule is often non-monotonic. For example, trading of some high-price assets should be subsidized, and trading of some low-price assets should be taxed.2020-04-06T09:36:37+00:00enOptimal Taxation in Asset Markets with Adverse Selection2020-04-06Economic modelsFinancial marketsFinancial system regulation and policiesMarket structure and pricingStaff Working Paper 2020-11https://www.bankofcanada.ca/wp-content/uploads/2020/04/swp2020-11.pdfOptimal Taxation in Asset Markets with Adverse SelectionMohammad DavoodalhosseiniApril 2020DD8D82D83EE2E24GG1G10JJ3J31J6J64