Labor Market Aspects of Industrial Restructuring in Canada
IMF Working Papers, November 1, 1993
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- Labor Market Aspects of Industrial Restructuring in Canada
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Bibliographic details
- Authors: Eswar S Prasad
- Published: November 1, 1993
- Series: IMF Working Papers
Summary and scope
- Examines recent developments in the Canadian labor market to provide a partial assessment of the magnitude and nature of industrial restructuring in Canada.
- Examines implications of industrial restructuring for the medium- and long-term prospects for the Canadian economy.
- Central evidence-based conclusion: the recent increases in labor productivity may represent a cyclical phenomenon rather than a permanent increase in the rate of growth of productivity.
Substantive findings
- Recent increases in labor productivity in Canada are observed but the evidence presented in this note suggests these increases may be cyclical rather than permanent.
- The note provides a partial assessment of the magnitude and nature of industrial restructuring, focusing on labor-market aspects.
Themes analyzed
- Labor market developments in Canada.
- Industrial restructuring and its links to productivity changes.
- Implications for medium- and long-term economic prospects, with attention to whether productivity gains are durable.