Shocking Aspects of Canadian Labor Markets

Bennett Sutton, Tamim Bayoumi and Andrew Swiston

No 2006/083, IMF Working Papers from International Monetary Fund

Abstract: We analyze the flexibility of the Canadian labor market across provinces in both an interand intra-national context using macroeconomic data on employment, unemployment, participation, and (for Canada) migration and real wages. We find that Canadian labor markets respond in a similar manner to their U.S. counterparts and are more flexible than those in major euro area countries. Within Canada, the results indicate that labor markets in Ontario and provinces further west are more flexible, particularly with regard to migration, while those further east are less so.

Keywords: WP; exchange rate; employment ratio (search for similar items in EconPapers)
Pages: 30
Date: 2006-03-01
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Citations: View citations in EconPapers (2)

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Working Paper: Shocking Aspects of Canadian Labour Markets (2006)
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