Shocking Aspects of Canadian Labor Markets

30 Pages Posted: 17 May 2006

See all articles by Tamim Bayoumi

Tamim Bayoumi

International Monetary Fund (IMF); Centre for Economic Policy Research (CEPR)

Bennett Sutton

International Monetary Fund (IMF)

Andrew J. Swiston

International Monetary Fund (IMF)

Date Written: March 2006

Abstract

We analyze the flexibility of the Canadian labor market across provinces in both an inter- and 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: Labor market, migration, economic flexibility

JEL Classification: E24, J21, J61

Suggested Citation

Bayoumi, Tamim and Sutton, Bennett and Swiston, Andrew J., Shocking Aspects of Canadian Labor Markets (March 2006). IMF Working Paper, Vol. , pp. 1-30, 2006. Available at SSRN: https://ssrn.com/abstract=901874

Tamim Bayoumi (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States
202-623-6333 (Phone)
202-623-4795 (Fax)

Centre for Economic Policy Research (CEPR)

London
United Kingdom

Bennett Sutton

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Andrew J. Swiston

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

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