Modelling unemployment in the presence of excess labour supply: An application to Egypt
This study models the impact of demographic changes on Egypt's unemployment, suggesting a need for high private sector job growth to absorb new labor market entrants.
(Generated with the help of GPT-4)
| Quick Facts | |
|---|---|
| Report location: | source |
| Language: | English |
| Publisher: |
journal of economics and econometrics |
| Authors: | Marga Peeters |
| Geographic focus: | Egypt |
Methods
The research method involved constructing an econometric labor supply model using publicly available time series data from Egypt. The model was used to simulate various scenarios, including labor supply shocks and demand shocks, to analyze their impact on unemployment, wages, and public finances.
(Generated with the help of GPT-4)
Key Insights
The research models unemployment in Egypt, considering excess labor supply due to a young population. It suggests that Egypt needs significant economic growth and private sector job creation to absorb new labor market entrants and prevent rising unemployment. The study also examines the impact of public sector job reductions and wage setting on the economy and public finances.
(Generated with the help of GPT-4)
Additional Viewpoints
Categories: Egypt geographic scope | English publication language | demography | econometric modeling | economic growth | employment | labor supply | labour supply | private sector | public finance | public finance. | public sector | public sector employment | unemployment | wages