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Title: U.S.-Canadian Unemployment Rate and Wage Differences Among Young, Low-Skilled Males in the 1980s
Resulting in 1 citation.
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Bowlus, Audra Jann |
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U.S.-Canadian Unemployment Rate and Wage Differences Among Young, Low-Skilled Males in the 1980s Canadian Journal of Economics 31,2 (May 1998): 437-464. Also: http://www.jstor.org/stable/136333 Cohort(s): NLSY79 Publisher: Canadian Economics Association / Association canadienne d\'economiques Keyword(s): Canada, Canadian; Canadian Labour Market Activity Survey (LMAS); Labor Economics; Labor Market Studies, Geographic; Labor Market Surveys; Monopsony Employers; Skilled Workers; Skills; Unemployment; Wage Equations; Wage Gap Permission to reprint the abstract has not been received from the publisher. During the mid 1980s young low-skilled adults in Canada were much more likely to be out of work than their U.S. counterparts. The unemployment rate gap for this cohort was 7 percentage points. At the same time wage inequality was higher in the United States. Using panel data from the U.S. National Longitudinal Survey of Youth and the Canadian Labour Market Activity Survey, in this study a general equilibrium search model of the labour market is employed to identify structural differences contributing to these gaps. The results reveal that both wage and unemployment differences are driven by a higher job destruction/separation rate in Canada and higher job offer arrival rates in the United States. In general. the model characterizes the U.S. labour market as having less search frictions than that of Canada. That is, Canadian firms are found to have more monopsony power than their U.S. counterparts. Copyright Canadian Economics Association |
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Bibliography Citation
Bowlus, Audra Jann. "U.S.-Canadian Unemployment Rate and Wage Differences Among Young, Low-Skilled Males in the 1980s." Canadian Journal of Economics 31,2 (May 1998): 437-464.
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