J - Labor and Demographic Economics

• Can a Matching Model Explain the Long-Run Increase in Canada's Unemployment Rate?

  Staff Working Paper 1998-19 Andreas Hornstein, Mingwei Yuan

  The authors construct a simple general equilibrium model of unemployment and calibrate it to the Canadian economy. Job creation and destruction are endogenous. In this model, they consider several potential factors that could contribute to the long-run increase in the Canadian unempoloyment rate: a more generous unemployment insurance system, higher layoff costs, higher discretionary taxes, […]

  Content Type(s): Staff research, Staff working papers Topic(s): Economic models, Fiscal policy, Labour markets JEL Code(s): E, E2, E6, J, J4

• International Borrowing, Specialization and Unemployment in a Small, Open Economy

  Staff Working Paper 1998-2 Patrick Osakwe, Shouyong Shi

  Empirical evidence suggests that the unemployment rate and the export/GNP ratio are positively correlated with external debt across developing countries. This paper develops a dynamic model that provides an explanation for the aforementioned relationships. The central idea of our paper is that international borrowing affects unemployment and specialization patterns by unevenly changing the risk-sharing structure—across […]

  Content Type(s): Staff research, Staff working papers Topic(s): International topics JEL Code(s): F, F3, J, J6

• Food Aid Delivery, Food Security and Aggregate Welfare in a Small Open Economy: Theory and Evidence

  Staff Working Paper 1998-1 Patrick Osakwe

  A small-open-economy model is developed to examine how the method of food aid disbursement affects labor employment, food security and aggregate welfare, in recipient countries, in an environment in which private sector firms pay efficiency wages to induce effort. Two forms of food aid delivery are considered: first is project food aid, under which food […]

  Content Type(s): Staff research, Staff working papers Topic(s): Development economics JEL Code(s): J, J4, O, O1, Q, Q1