Abstract Recreational cannabis markets possibly increase labor demand through investments in facilities for growing, processing, and retail sales of cannabis, as well other industries such manufacturing, leisure, hospitality. However, this may vary substantially across counties within a state most states with legal recreational allow individual to ban commercial sales. Meanwhile, supply change ...

It is critical because average unemployment among young people is, in all countries of the region, much higher than average unemployment overall. In fact, in Latin America and the Caribbean the youth unemployment rate is twice the overall unemployment rate and three times the rate for adults; in some countries it is as high as five times the rate for adults over age 45. What is more, young peop...

In this paper, we define a tractable procedure to measure worker incomplete information in the labor market. The procedure, which makes use of earnings distribution skewness, is based on econometric frontier estimation techniques, and is consistent with search theory. We apply the technique to eleven countries over various years, and find that incomplete information leads workers to receive on ...

We study the Danish unemployment experience 1905-92 using a common trends model with cointegration constraints. To justify the identifying assumptions about the cointegration vectors and the common trends we present a simple macroeconomic model of the labor market. The model determines the long run behavior of labor productivity, employment, unemployment, real product and real consumer wages. T...

The recent “benign” combination of strong output growth and low inflation has led to speculation that the potential growth rate of real GDP has increased. This paper exam ines trends in labor supply to see whether this source of GDP growth might have accelerated. Discussions of labor supply often focus on labor force p a rt i c i p ation. But other considerat i o ns—s u ch as the length of the ...

The Effects of Incomplete Employee Wage Information: A Cross-Country Analysis In this paper, we define a tractable procedure to measure worker incomplete information in the labor market. The procedure, which makes use of earnings distribution skewness, is based on econometric frontier estimation techniques, and is consistent with search theory. We apply the technique to eleven countries over va...

â â â â â korea’s youth unemployment problem has continued to worsen since 2004. according to an e24, j64, an analysis of raw data from statistics korea’s economically active population survey and supplementary results of the economically active population survey on youths to confirm whether youth unemployment affects all youths, more youths were delaying graduation or taking leaves of abse...