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Full-Text Articles in Labor Economics
Trade, Capital Accumulation And Structural Unemployment: An Empirical Study Of The Singapore Economy, Hiau Looi Kee, Hian Teck Hoon
Trade, Capital Accumulation And Structural Unemployment: An Empirical Study Of The Singapore Economy, Hiau Looi Kee, Hian Teck Hoon
Research Collection School Of Economics
This paper studies the factors responsible for the secular decline of Singapore's unemployment rate over the period 1966-2000 in an environment of low and stable inflation rates. We introduce wage bargaining and unions into a specific-factors, two-sector economy with an export sector and a non-tradable sector to obtain an endogenous natural unemployment rate. Increases in the relative export price and capital stock in the export sector are predicted to reduce structural unemployment. These hypotheses could not be rejected based on structural estimations and co-integration regressions. Empirically, capital accumulation in the export sector explains most of the decline in Singapore's unemployment …
Analysis Of Labor Participation Behavior Of Korean Women With Dynamic Probit And Conditional Logit, Myoung-Jae Lee, Yoon-Hee Tae
Analysis Of Labor Participation Behavior Of Korean Women With Dynamic Probit And Conditional Logit, Myoung-Jae Lee, Yoon-Hee Tae
Research Collection School Of Economics
We analyse the dynamic labour participation behaviour of Korean women. State dependence under unobserved heterogeneity is considered, where the heterogeneity may be unrelated, pseudo-related, or arbitrarily related to regressors. Three minor methodological contributions are made: interaction terms with lagged response are allowed in dynamic conditional logit; a three-stage algorithm for dynamic probit is proposed; and treating the initial response as fixed is shown to be ill-advised. The state dependence is about 0.6 × SD(error), higher for the married or junior college-educated, and lower for women in their twenties and thirties. While education increases participation, college education has negative effects for …
Future Job Prospects In Singapore, Hian Teck Hoon
Future Job Prospects In Singapore, Hian Teck Hoon
Research Collection School Of Economics
No abstract provided.
Future Job Prospects In Singapore, Hian Teck Hoon
Future Job Prospects In Singapore, Hian Teck Hoon
Research Collection School Of Economics
What forces have shaped our nation’s employment and remuneration record so far? Where is Singapore’s unemployment rate headed? What should policy-makers do about it? These are the questions tackled in this paper.