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287
result(s)
Welfare Analysis of Equilibria With and Without Early Termination Fees in the US Wireless Industry
Staff Working Paper 2020-9
Joseph Cullen,
Nicolas Schutz,
Oleksandr Shcherbakov
The elimination of long-term contracts and early termination fees (ETFs) in the US wireless industry at the end of 2015 increased monthly service fees by 2 to 5 percent. Nevertheless, consumers are clearly better off without ETFs. While firms’ revenues from ETFs vanish, their profits from monthly fees increase. As a result, the overall effect on producer profits is less clear.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Econometric and statistical methods,
Firm dynamics,
Market structure and pricing
JEL Code(s):
D,
D2,
D22,
L,
L1,
L15,
L9,
L96
Identifying Consumer-Welfare Changes when Online Search Platforms Change Their List of Search Results
Staff Working Paper 2020-5
Ryan Martin
Online shopping is often guided by search platforms. Consumers type keywords into query boxes, and search platforms deliver a list of products. Consumers' attention is limited, and exhaustive searches are often impractical.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Econometric and statistical methods,
Market structure and pricing
JEL Code(s):
C,
C1,
C14,
D,
D1,
D11,
D12,
D6,
D8,
D83,
L,
L4,
L40
A Spatial Model of Bank Branches in Canada
Staff Working Paper 2020-4
Heng Chen,
Matthew Strathearn
Using data on bank branch locations across Canada from 2008 to 2018, we explore an interesting aspect of bank branch competition—geographic concentration. We find that bank branch density does not correlate with geographic and market concentration; however, we do find strong correlation with postal-code demographics.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Firm dynamics,
Market structure and pricing
JEL Code(s):
L,
L1,
R,
R3
Contagion in Dealer Networks
Staff Working Paper 2020-1
Jean-Sébastien Fontaine,
Adrian Walton
Dealers connect investors who want to buy or sell securities in financial markets. Over time, dealers and investors form trading networks to save time and resources. An emerging field
of research investigates how networks form.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Financial markets,
Market structure and pricing,
Payment clearing and settlement systems
JEL Code(s):
E,
E4,
G,
G1,
G2,
G21,
L,
L1,
L14
On the Evolution of Multiple Jobholding in Canada
Staff Working Paper 2019-49
Olena Kostyshyna,
Etienne Lalé
The number of workers who hold more than one job (a.k.a. multiple jobholders) has increased recently in Canada. While this seems to echo the view that non-standard work arrangements are becoming pervasive, the increase has in fact been trivial compared with the long-run rise of multiple jobholding that has occurred since the mid-1970s.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Econometric and statistical methods,
Labour markets
JEL Code(s):
E,
E2,
E24,
J,
J2,
J21,
J22,
J6,
J60
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
Canadian Securities Lending Market Ecology
Staff Discussion Paper 2019-5
Jesse Johal,
Joanna Roberts,
John Sim
This is the fourth of the Financial Markets Department’s descriptions of Canadian financial industrial organization. The paper discusses the organization of the securities lending market in Canada. We outline key characteristics of securities lending contracts, participants in the securities lending market, the market infrastructures that support securities lending activities, and aggregated statistics describing the Canadian market.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Financial institutions,
Financial markets,
Financial system regulation and policies,
Market structure and pricing
JEL Code(s):
G,
G1,
G18,
G2,
G21,
G23
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