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The Structural Determinants of the Labor Share in Europe

The Structural Determinants of the Labor Share in Europe »

Source: The Structural Determinants of the Labor Share in Europe

Volume/Issue: 2019/67

Series: IMF Working Papers

Author(s): Dilyana Dimova

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 March 2019

ISBN: 9781498302920

Keywords: National income, Labor market reforms, National income accounts, Economic integration, Labor market policy, labor share, technology, employment policies, globalization, employment protection

The labor share in Europe has been on a downward trend. This paper finds that the decline is concentrated in manufacture and among low- to mid-skilled workers. The shifting nature of employment away from full-time...

Explaining High Unemployment in ECCU Countries

Explaining High Unemployment in ECCU Countries »

Source: Explaining High Unemployment in ECCU Countries

Volume/Issue: 2019/144

Series: IMF Working Papers

Author(s): Ronald James , Jemma Lafeuillee , Mike Xin Li , Gonzalo Salinas , and Yevgeniya Savchenko

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 July 2019

ISBN: 9781498318709

Keywords: Human capital, Labor supply, Social security, Public sector wages, Labor force, Caribbean, labor market factors, unemployment, ECCU, GRD

In recent years, unemployment rates in some ECCU countries have been among the highest globally. This paper evaluates several factors that could explain them, finding that high unit labor costs, in a context of str...

Globalization, Market Power, and the Natural Interest Rate

Globalization, Market Power, and the Natural Interest Rate »

Source: Globalization, Market Power, and the Natural Interest Rate

Volume/Issue: 2019/95

Series: IMF Working Papers

Author(s): Jean-Marc Natal , and Nicolas Stoffels

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 May 2019

ISBN: 9781498311410

Keywords: Real interest rates, Market interest rates, Economic integration, Interest rates, Total factor productivity, low interest rate puzzle, globalization, natural interest rate, markups, real interest rate

We argue that strong globalization forces have been an important determinant of global real interest rates over the last five decades, as they have been key drivers of changes in the natural real interest rate-i.e....

The Structural Determinants of the Labor Share in Europe

The Structural Determinants of the Labor Share in Europe »

Volume/Issue: 2019/67

Series: IMF Working Papers

Author(s): Dilyana Dimova

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 March 2019

DOI: http://dx.doi.org/10.5089/9781498302920.001

ISBN: 9781498302920

Keywords: National income, Labor market reforms, National income accounts, Economic integration, Labor market policy, labor share, technology, employment policies, globalization, employment protection

The labor share in Europe has been on a downward trend. This paper finds that the decline is concentrated in manufacture and among low- to mid-skilled workers. The shifting nature of employment away from full-time...

Explaining High Unemployment in ECCU Countries

Explaining High Unemployment in ECCU Countries »

Volume/Issue: 2019/144

Series: IMF Working Papers

Author(s): Ronald James , Jemma Lafeuillee , Mike Xin Li , Gonzalo Salinas , and Yevgeniya Savchenko

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 July 2019

DOI: http://dx.doi.org/10.5089/9781498318709.001

ISBN: 9781498318709

Keywords: Human capital, Labor supply, Social security, Public sector wages, Labor force, Caribbean, labor market factors, unemployment, ECCU, GRD

In recent years, unemployment rates in some ECCU countries have been among the highest globally. This paper evaluates several factors that could explain them, finding that high unit labor costs, in a context of str...

Globalization, Market Power, and the Natural Interest Rate

Globalization, Market Power, and the Natural Interest Rate »

Volume/Issue: 2019/95

Series: IMF Working Papers

Author(s): Jean-Marc Natal , and Nicolas Stoffels

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 May 2019

DOI: http://dx.doi.org/10.5089/9781498311410.001

ISBN: 9781498311410

Keywords: Real interest rates, Market interest rates, Economic integration, Interest rates, Total factor productivity, low interest rate puzzle, globalization, natural interest rate, markups, real interest rate

We argue that strong globalization forces have been an important determinant of global real interest rates over the last five decades, as they have been key drivers of changes in the natural real interest rate-i.e....