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156
result(s)
The Intergenerational Correlation of Employment: Is There a Role for Work Culture?
Staff Working Paper 2019-33
Gabriela Galassi,
David Koll,
Lukas Mayr
We document a substantial positive correlation of employment status between mothers and their children in the United States, linking data from the National Longitudinal Survey of Youth 1979 (NLSY79) and the NLSY79 Children and Young Adults. After controlling for ability, education and wealth, a one-year increase in a mother’s employment is associated with six weeks more employment of her child on average.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Econometric and statistical methods,
Economic models,
Labour markets
JEL Code(s):
E,
E2,
E24,
J,
J2,
J21,
J22,
J6,
J62
Exploring Wage Phillips Curves in Advanced Economies
Staff Discussion Paper 2019-8
Rose Cunningham,
Vikram Rai,
Kristina Hess
We investigate the extent to which excess supply (demand) in labour markets contributes to a lower (higher) growth rate of average nominal wages for workers. Using panel methods on data from 10 advanced economies for 1992–2018, we produce reduced-form estimates of a wage Phillips curve specification that is consistent with a New Keynesian framework.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Inflation and prices,
Labour markets,
Monetary policy
JEL Code(s):
C,
C3,
C33,
E,
E3,
E31,
E32
Online Job Seekers in Canada: What Can We Learn from Bing Job Queries?
Staff Analytical Note 2019-18
André Binette,
Karyne B. Charbonneau,
Nicholas Curtis,
Gabriela Galassi,
Scott Counts,
Justin Cranshaw
Labour markets in Canada and around the world are evolving rapidly with the digital economy. Traditional data are adapting gradually but are not yet able to provide timely information on this evolution.
Content Type(s):
Staff research,
Staff analytical notes
Topic(s):
Central bank research,
Labour markets,
Monetary policy
JEL Code(s):
C,
C8,
C80,
E,
E2,
E24,
J,
J2,
J21
Potential Output in Canada: 2019 Reassessment
Staff Analytical Note 2019-10
Dany Brouillette,
Julien Champagne,
Carol Khoury,
Natalia Kyui,
Jeffrey Mollins,
Youngmin Park
Potential output is expected to grow on average at 1.8 per cent over 2019–21 and at 1.9 per cent in 2022. While the contribution of trend labour input to potential output growth is expected to decrease between 2019 and 2022, the contribution of trend labour productivity is projected to increase.
Content Type(s):
Staff research,
Staff analytical notes
Topic(s):
Labour markets,
Potential output,
Productivity
JEL Code(s):
E,
E0,
E00,
E2,
E22,
E23,
E24,
E3,
E37,
E6
Labor Mobility in a Monetary Union
Staff Working Paper 2019-15
Daniela Hauser,
Martin Seneca
The optimal currency literature has stressed the importance of labor mobility as a precondition for the success of monetary unions. But only a few studies formally link labor mobility to macroeconomic adjustment and policy. In this paper, we study macroeconomic dynamics and optimal monetary policy in an economy with cyclical labor flows across two distinct regions that share trade links and a common monetary framework.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Business fluctuations and cycles,
Economic models,
Labour markets,
Monetary policy framework,
Regional economic developments
JEL Code(s):
E,
E3,
E32,
E5,
E52,
F,
F4
The Trend Unemployment Rate in Canada: Searching for the Unobservable
Staff Working Paper 2019-13
Dany Brouillette,
Marie-Noëlle Robitaille,
Laurence Savoie-Chabot,
Pierre St-Amant,
Bassirou Gueye,
Elise Nelson
In this paper, we assess several methods that have been used to measure the Canadian trend unemployment rate (TUR). We also consider improvements and extensions to some existing methods.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Business fluctuations and cycles,
Economic models,
Inflation and prices,
Labour markets
JEL Code(s):
C,
C5,
C52,
C53,
E,
E2,
E24,
E27
Local Labor Markets in Canada and the United States
Staff Working Paper 2019-12
David Albouy,
Alex Chernoff,
Chandler Lutz,
Casey Warman
We examine local labor markets in the United States and Canada from 1990 to 2011 using comparable household and business data. Wage levels and inequality rise with city population in both countries, albeit less in Canada.
The Size and Characteristics of Informal (“Gig”) Work in Canada
Staff Analytical Note 2019-6
Olena Kostyshyna,
Corinne Luu
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.
Content Type(s):
Staff research,
Staff analytical notes
Topic(s):
Labour markets,
Recent economic and financial developments
JEL Code(s):
E,
E2,
E24,
E26,
J,
J2,
J20,
J3,
J30,
J4
The State of Labour Market Churn in Canada
Staff Analytical Note 2019-4
Olena Kostyshyna,
Corinne Luu
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.
Content Type(s):
Staff research,
Staff analytical notes
Topic(s):
Labour markets,
Recent economic and financial developments
JEL Code(s):
E,
E2,
E24,
J,
J2,
J20,
J3,
J30,
J6,
J63