Labor Market Aspects of Industrial Restructuring in Canada

Eswar Prasad

No 1993/091, IMF Working Papers from International Monetary Fund

Abstract: This note examines recent developments in the Canadian labor market to provide a partial assessment of the magnitude and nature of industrial restructuring in Canada. The implications of industrial restructuring for the medium- and long-term prospects for the Canadian economy are examined. The evidence presented in this note suggests that the recent increases in labor productivity may represent a cyclical phenomenon rather than a permanent increase in the rate of growth of productivity.

Keywords: WP; recession; productivity level; aggregate unemployment rate; productivity sector; employment growth; productivity fluctuation; employment share; Employment; Productivity; Unemployment rate; Labor markets; North America (search for similar items in EconPapers)
Pages: 32
Date: 1993-11-01
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