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Geoff Wright

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Employment Effects of Restructuring in the Public Sector in North America

Staff Working Paper 2001-19 Paul Fenton, Irene Ip, Geoff Wright
This paper examines whether restructuring in the public sector contributed to the slower cyclical recovery in Canada than in the United States during the 1990s. Changes in public sector employment are used to investigate this question.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Labour markets JEL Code(s): J, J4, J45

Downward Nominal-Wage Rigidity: Micro Evidence from Tobit Models

Staff Working Paper 2001-7 Allan Crawford, Geoff Wright
This paper uses Tobit models and data for union contracts to examine the extent of downward nominal-wage rigidity in Canada. To be consistent with important stylized facts, the models allow the variance of the notional wage-change distribution to be time-varying and test for menu-cost effects.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Inflation targets, Labour markets JEL Code(s): E, E2, E24, E5, E52, E6, E61

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