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Author: Rafael Lalive Publisher: ISBN: Category : Languages : en Pages :
Book Description
Switzerland is a small country with rich cultural and geographic diversity. The Swiss unemployment rate is low, at around 4%. The rate has remained at that level since the year 2000, despite a massive increase in the foreign labor force, the Great Recession, and a currency appreciation shock, demonstrating the Swiss labor market's impressive resiliency. However, challenges do exist, particularly related to earnings and employment gaps between foreign and native workers, as well as a narrowing but persistent gender pay gap. Additionally, regional differences in unemployment are significant.
Author: Rafael Lalive Publisher: ISBN: Category : Languages : en Pages :
Book Description
Switzerland is a small country with rich cultural and geographic diversity. The Swiss unemployment rate is low, at around 4%. The rate has remained at that level since the year 2000, despite a massive increase in the foreign labor force, the Great Recession, and a currency appreciation shock, demonstrating the Swiss labor market's impressive resiliency. However, challenges do exist, particularly related to earnings and employment gaps between foreign and native workers, as well as a narrowing but persistent gender pay gap. Additionally, regional differences in unemployment are significant.
Author: Marion Voldan Publisher: ISBN: Category : Languages : en Pages :
Book Description
Long-lasting structural issues may arise in case of discrepancies between job requirements and the skills of unemployed workers: A mismatch occurs in the labour market. The following thesis analyses labour market mismatch in Switzerland between 1993 - 2018. The focus of this research lies on individuals aged 15 - 24 in comparison to older workers, accounting for specific challenges young job seekers face in the labour market. Mismatch is measured by comparing an optimal distribution of open positions among unemployed across sectoral and occupational submarkets to the actual distribution. The resulting mismatch index captures hires lost due to misallocation for every time period t. A counterfactual unemployment rate is then calculated to obtain a measure of efficiency loss. The analysis shows that the level of mismatch ranges between 2.47% and 15.24% for older job seekers and between 2.29% and 10.28% for young workers. At maximum 15% of the unemployment rate of older workers is due to mismatch, while mismatch accounts for 20% of the youth unemployment rate at most. Comparing these numbers internationally, although such comparisons must be made with caution, indicates a rather low level of mismatch in the Swiss labour market. The obtained results do not allow a final conclusion on the differences in mismatch exposure between the two age groups. Using a base index with homogeneous matching efficiencies across submarkets, a generally higher level of mismatch for youth is observed. However, integrating sector-specific matching efficiencies into the model decreases the index significantly for young workers, leading to a generally lower level of mismatch compared to older job seekers.
Author: Ms.Paula De Masi Publisher: International Monetary Fund ISBN: Category : Business & Economics Languages : en Pages : 36
Book Description
This paper presents an analysis of the behavior of the Swiss labor market, which emphasizes both changes to labor supply and real wage inflexibility as determinants of recent unusually high levels of unemployment. Supply responses in the past meant that measured unemployment rates were rarely high. The paper suggests that these responses also meant that real wages were probably less responsive to shocks as a result. Econometric tests reported in the paper broadly confirm these suggestions, and imply that the level of unemployment consistent with stable inflation has risen in Switzerland.
Author: Paula De Masi Publisher: ISBN: Category : Languages : en Pages : 28
Book Description
This paper presents an analysis of the behavior of the Swiss labor market, which emphasizes both changes to labor supply and real wage inflexibility as determinants of recent unusually high levels of unemployment. Supply responses in the past meant that measured unemployment rates were rarely high. The paper suggests that these responses also meant that real wages were probably less responsive to shocks as a result. Econometric tests reported in the paper broadly confirm these suggestions, and imply that the level of unemployment consistent with stable inflation has risen in Switzerland.
Author: Valentina Sontheim Publisher: ISBN: Category : Languages : en Pages :
Book Description
This study discusses the effects of the immigration-induced labor market supply shock after the enactment of the AFMP on unemployment rates and earnings of different population groups in Switzerland. The enactment of the AFMP in 2002 liberated the access of EU/EFTA immigrants to the Swiss labor market, while the access for immigrants from non-treaty states was impeded. The legal situation for former immigrants and Swiss nationals did not change, but internal competition among immigrants is expected to be large, while effects on Swiss natives are neglected based on the argumentation of the limited substitutability of natives and foreigners shown in the literature and the lower size of the population groups with migrant background. This natural experiment allows to study the effects of an immigration-induced labor market supply shock adopting a difference-in-differences approach, where all immigrant groups are treated and the natives constitute the control group. The additional supply of labor increased unemployment rates of former immigrants in Switzerland by 1.5 percentage points after the policy change and similarly the unemployment rates of newly arriving non-treaty nationals increased by 5.1 percentage points. In contrast, the unemployment rate of recently immigrated EU/EFTA nationals decreased by 3.7 percentage points after the AFMP was enacted. No wage effects are found for neither of the population groups. Effects on unemployment rates are located among the low-skilled workers in the population and there are large negative wage effects for low-skilled EU/EFTA immigrants. Also, only women are affected by the labor supply shock in wages and unemployment rates, while unemployment effects are absent for men and former immigrated men even experience positive effects on wages.
Author: OECD Publisher: OECD Publishing ISBN: 9264535713 Category : Languages : en Pages : 107
Book Description
The Swiss economy has shown resilience but the COVID-19 pandemic continues to raise uncertainty and challenges. Effective government support has helped protect employment and buttress household incomes. Nevertheless, some sectors and groups have been hit hard, with a disproportionate impact on low-middle skilled and low-wage workers.
Author: Rafael Lalive
Author: Rafael Lalive
Author: Marion Voldan
Author: Ms.Paula De Masi
Author: Stefan M. Golder
Author: 
Author: OECD
Author: Paula De Masi
Author: Elaine De Masi
Author: Valentina Sontheim
Author: OECD