01794cas a2200253 a 4500 AALejournalIMF000176 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451841725 1018-5941 BD-DhAAL BD-DhAAL Thomas, Alun. Labor Market Adjustment in Canada and the United States / Alun Thomas, Eswar Prasad. Washington, D.C. : International Monetary Fund, 1997. 1 online resource (24 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper provides a quantitative assessment of the relative importance of different labor market adjustment mechanisms in Canada and the United States and also examines the effects of the unemployment insurance (UI) system on labor market adjustment. At the aggregate level, employment growth shocks result in similar unemployment rate responses but smaller wage responses in Canada relative to the United States. Although overall UI generosity has increased aggregate unemployment persistence in Canada, the endogenous component of UI has affected unemployment persistence only marginally. The lower degree of aggregate real wage flexibility in Canada has not been an important determinant of unemployment persistence. Mode of access: Internet Prasad, Eswar. IMF Working Papers; Working Paper ; No. 1997/002 Full text available on IMF http://elibrary.imf.org/view/journals/001/1997/002/001.1997.issue-002-en.xml IMF e-Library