The Canadian Labor Market Developments, Prospects, and Policy

This paper examines recent developments in the Canadian labor market. Using disaggregated labor market data, various hypotheses concerning the slow employment growth and rise in unemployment since 1990 are evaluated. The analysis indicates that a large part of the recent rise in the unemployment rat...

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Bibliographic Details
Main Author: Prasad, Eswar
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1994
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a The Canadian Labor Market  |b Developments, Prospects, and Policy  |c Eswar Prasad 
260 |a Washington, D.C.  |b International Monetary Fund  |c 1994 
300 |a 36 pages 
651 4 |a Canada 
653 |a Labor Force and Employment, Size, and Structure 
653 |a Plant Closings 
653 |a Unemployment 
653 |a Labour 
653 |a Demand and Supply of Labor: General 
653 |a Aggregate Human Capital 
653 |a Severance Pay 
653 |a Labor market 
653 |a Unemployment: Models, Duration, Incidence, and Job Search 
653 |a Employment 
653 |a Aggregate Labor Productivity 
653 |a Labor 
653 |a Economic theory 
653 |a Wages 
653 |a Labor markets 
653 |a Unemployment rate 
653 |a Intergenerational Income Distribution 
653 |a Labor force 
653 |a Unemployment Insurance 
653 |a Income economics 
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490 0 |a IMF Working Papers 
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520 |a This paper examines recent developments in the Canadian labor market. Using disaggregated labor market data, various hypotheses concerning the slow employment growth and rise in unemployment since 1990 are evaluated. The analysis indicates that a large part of the recent rise in the unemployment rate may reflect an increase in the structural rather than the cyclical component of unemployment. Various sources of labor market rigidities that may have contributed to the increase in structural unemployment are examined. In particular, the role of the unemployment insurance system in contributing to labor market rigidity and measures for reforming this system, including the recent proposals of the government, are discussed. Finally, this paper examines active labor market policies that could help to alleviate structural unemployment