The Sources of Unemployment in Canada, 1967-91: Evidence from a Panel of Regions and Demographic Groups

Posted: 26 Sep 2001

See all articles by P. Fortin

P. Fortin

University of Quebec at Montreal (UQAM) - Department of Economics

M. Keil

Claremont McKenna College - Robert Day School of Economics and Finance

James Symons

University College London - Department of Economics

Abstract

We analyze the determinants of Canadian unemployment in a framework incorporating demand and supply-side variables: the interest rate, taxation, foreign activity, minimum wages, union density, demographic pressure, unemployment insurance, terms of trade. The model is estimated with 500 observations for five Canadian regions and four demographic groups, 1967-91. We provide a comprehensive picture of the macroeconomic and structural causes of unemployment with data combining the advantages of macroeconomic time series and microeconomic cross sections. The long-term rise in Canadian unemployment since 1960 is attributed to higher real interest rates, the UI reform of 1972, and slightly adverse net demographic pressure.

Suggested Citation

Fortin, P. and Keil, Manfred and Symons, James, The Sources of Unemployment in Canada, 1967-91: Evidence from a Panel of Regions and Demographic Groups. Available at SSRN: https://ssrn.com/abstract=254106

P. Fortin

University of Quebec at Montreal (UQAM) - Department of Economics

P.O. Box 8888, Downtown Station
Montreal, Quebec H3C 3P8
Canada

Manfred Keil

Claremont McKenna College - Robert Day School of Economics and Finance ( email )

500 E. Ninth St.
Claremont, CA 91711-6420
United States

James Symons (Contact Author)

University College London - Department of Economics ( email )

Gower Street
London WC1E 6BT, WC1E 6BT
United Kingdom

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