Unemployment in the Great Recession: A Comparison of Germany, Canada, and the United States
比较美国、加拿大和德国在2008-9年大衰退期间及之后的劳动力市场表现,发现建筑业就业波动是差异的关键因素,且各国差异符合奥肯定律。
This paper looks at the surprisingly different labor market performance of the United States, Canada, Germany, and several other OECD countries during and after the Great Recession of 2008-9. A first important finding is that the large employment swings in the construction sector linked to the boom and bust in US housing markets is an important factor behind the different labor market performances of the three countries. We also find that cross-country differences among OECD countries are consistent with a conventional Okun relationship linking gross domestic product growth to employment performance.