Temporary workers account for large part of labour reallocation costs: Bank of Canada
A Bank of Canada paper published on Tuesday says models that exclude temporary workers from samples often underestimate the adjustment costs of reallocating labour.
In Canada, temporary workers account for 14% of jobs in the non-farm business sector, and 40% of the total job reallocation. However, most models of job reallocation exclude temporary workers.
Shutao Cao and Danny Leung, the paper's authors, evaluate the importance of temporary workers in job reallocation in a multi-sector model
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