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The Canadian Labor Market: Developments, Prospects, and Policy
Author:
Mr. Eswar S Prasad
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Series:
IMF Working Papers
Volume/Issue:
Volume 1994: Issue 097
Language:
English
Publication Date:
01 Aug 1994
DOI:
https://doi.org/10.5089/9781451851953.001
ISBN:
9781451851953
ISSN:
1018-5941
Pages:
36
Keywords:
WP; worker; employment growth; employment-population ratio; unskilled worker; employment probability; unemployment study; employment level; laid-off worker; services employment; employment data; employment rigidity; Employment; Unemployment rate; Unemployment; Labor markets; Labor force; North America; Europe
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IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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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.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund