Workplace Innovations: Publications
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Jobless Recovery: Is it Really Happening - October 1995
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Information specific to: Canada
Concerns over the weak recovery in employment following the 1990-91 recession led many observers to describe this period as a “jobless recovery”. This research paper uses econometric estimations and simulations of employment equations to determine if the weakness in employment growth over the 1991-95 period can be explained by weak output growth, the evolution of real wages, industrial restructuring or the evolution in the real cost of capital.