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THE UPSIDE LABOUR ADJUSTMENT PROBLEM
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adjustment costs adjustment situation Alberta alternative Atlantic Provinces average British Columbia capital loss capture changes compensation payments compensation programs d'adaptation demand for labour differential directly affected displaced workers downside adjustment duration of unemployment economic benefits economic costs economic opportunity cost economic value effects electrical products employed and unemployed employers estimates example expected income losses firm Glenday government intervention government programs gross labour externalities hence incentives increase industries interprovincial LABOUR ADJUSTMENT PROBLEM labour benefits labour demand labour market adjustment labour supply laid-off workers layoff long-run equilibrium main-d'oeuvre man-year Manitoba marginal migration rates Newfoundland Nova Scotia Ontario out-migration percent potential gains present value Prince Edward Island Quebec re-employment experience Re-employment Promotion Programs reducing regional labour market régions result Saskatchewan short-run skill shortages skilled labour market skilled workers specific skill Statistics Canada textile trade liberalization trade protection travailleurs unemployment insurance unexpected wage rate wage subsidy windfall gains