On international and national dimensions of risk sharing

Article Abstract:

The implications of risk sharing across Canadian provinces, US states and G-7 countries were determined. The estimation method was used which produced a parameter that measures the fraction of the annuity value of individual income that individuals of different regions pool. Results showed evidences of more risk-sharing across Canadian provinces and the US states than there is across the G-7 countries. It was also shown that the absolute amount of risk sharing in terms of the variance of fitted changes in annual consumption is very large for the provinces and states.

Research, Risk (Economics), United States economic conditions, Consumption (Economics), Group of 7

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A comparison of job creation and job destruction in Canada and the United States

Article Abstract:

A similarity exists with regards to US and Canada's industry-level job creation and job destruction data. Utilization of establishment-level data sets revealed that industries with high job creation in the US also experienced the same level of job creation in Canada. Such situation also exists with regards to job destruction. The overall magnitudes of gross job flows in both nations are also alike.

Employment, Statistics, Job creation

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