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156
result(s)
Adoption of Digital Technologies: Insights from a Global Survey Initiative
Staff Discussion Paper 2021-7
James Fudurich,
Lena Suchanek,
Lise Pichette
Firms are at the forefront of adopting new technology. Using survey data from a global network of central banks, we assess the effects of digitalization on firms’ pricing and employment decisions.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Firm dynamics,
Inflation and prices,
Labour markets
JEL Code(s):
D,
D2,
D22,
E,
E3,
E31,
J,
J2,
J21,
O,
O3,
O33
Trade and Market Power in Product and Labor Markets
Staff Working Paper 2021-17
Gaelan MacKenzie
Trade liberalizations increase the sales and input purchases of productive firms relative to their less productive domestic competitors. This reallocation affects firms’ market power in their product and input markets. I quantify how the labour market power of employers affects the distribution and size of the gains from trade.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Economic models,
Labour markets,
Market structure and pricing,
Productivity,
Trade integration
JEL Code(s):
D,
D4,
D43,
F,
F1,
F12,
F6,
J,
L,
L1,
L13
Labor Demand Response to Labor Supply Incentives: Lessons from the German Mini-Job Reform
Staff Working Paper 2021-15
Gabriela Galassi
How do firms change their employment decisions when tax benefits for low-earning workers are expanded? Some firms increase employment overall, whereas others replace high-earning workers with low-earning workers, according to German linked employer-employee data.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Economic models,
Firm dynamics,
Labour markets
JEL Code(s):
E,
E2,
E24,
E6,
E64,
H,
H2,
H20,
H24,
H3,
H32,
I,
I3,
I38,
J,
J2,
J23,
J3,
J38
Labor Market Policies During an Epidemic
Staff Working Paper 2020-54
Serdar Birinci,
Fatih Karahan,
Yusuf Mercan,
Kurt See
We study the labour market and welfare effects of expanding unemployment insurance benefits and introducing payroll subsidies during the COVID-19 pandemic. We find that both policies are complementary and are beneficial to different types of workers. Payroll subsidies preserve the employment of workers in highly productive jobs, while unemployment insurance replaces lost income for workers who experience inevitable job loss.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Business fluctuations and cycles,
Coronavirus disease (COVID-19),
Fiscal policy,
Labour markets
JEL Code(s):
E,
E2,
E24,
E6,
E62,
J,
J6,
J64
Towards a HANK Model for Canada: Estimating a Canadian Income Process
Staff Discussion Paper 2020-13
Iskander Karibzhanov
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.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Economic models,
Labour markets
JEL Code(s):
D,
D3,
D31,
E,
E2,
E24,
J,
J3,
J31
How Should Unemployment Insurance Vary over the Business Cycle?
Staff Working Paper 2020-47
Serdar Birinci,
Kurt See
Should unemployment benefits be more generous during economic downturns? The optimal amount and duration of benefit payments ultimately depend on the demographic and wealth characteristics of benefit recipients.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Business fluctuations and cycles,
Fiscal policy,
Labour markets
JEL Code(s):
E,
E2,
E24,
E3,
E32,
J,
J6,
J64,
J65
Earnings Dynamics and Intergenerational Transmission of Skill
Staff Working Paper 2020-46
Lance Lochner,
Youngmin Park
How are your past, current and future earnings related to those of your parents? We explore this by using 37 years of Canadian tax data on two generations.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Econometric and statistical methods,
Labour markets,
Potential output,
Productivity
JEL Code(s):
C,
C3,
C33,
J,
J2,
J24,
J6,
J62
Potential output in Canada: 2020 reassessment
Staff Analytical Note 2020-25
Dany Brouillette,
Julien Champagne,
Julien McDonald-Guimond
After COVID-19, we expect potential output growth to stabilize around 1.2 percent. This is lower than the 2010–18 average growth of 1.8 percent. Relative to the April 2019 reassessment, the growth profile is revised down. Given the unknown course of the pandemic, uncertainty around these estimates is higher than in previous years.
Content Type(s):
Staff research,
Staff analytical notes
Topic(s):
Labour markets,
Potential output,
Productivity
JEL Code(s):
E,
E0,
E00,
E2,
E23,
E24,
E3,
E37,
E6
Child Skill Production: Accounting for Parental and Market-Based Time and Goods Investments
Staff Working Paper 2020-36
Elizabeth Caucutt,
Lance Lochner,
Joseph Mullins,
Youngmin Park
Can daycare replace parents’ time spent with children? We explore this by using data on how parents spend time and money on children and how this spending is related to their child’s development.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Fiscal policy,
Labour markets,
Potential output,
Productivity
JEL Code(s):
D,
D1,
D13,
H,
H3,
H31,
J,
J2,
J22,
J24