We explore the role of real wage dynamics in a New Keynesian business cycle model with search and matching frictions in the labor market. Both job creation and destruction are endogenous. We show that the model generates counterfactual inflation and labor market dynamics. In particular, it fails...

This Working Paper investigates the possible link between gender inequalities in the labour market and significant economic outcomes such as income growth, poverty and inequality indicators. Our analysis is based on microsimulations for eight Latin American countries. We consider four aspects of...

This paper uses recently digitised samples of apprentices and masters in London and Bristol to quantify the practice of apprenticeship in the late 17th century. Apprenticeship appears much more fluid than is traditionally understood. Many apprentices did not complete their terms of indenture;...

This paper studies the way workers and firms behaved in a highly cyclical sector such as the cotton textile industry, which encompassed 1/5 of the Catalan industrial workforce in the early 20th century. Using firm level evidence from the late 19th and early 20th centuries, the paper shows that,...

[...]In part, this collection of papers derives from the impact of Subaltern Studies on approaches to the history of labour. While the contributions may not be located within ‘subalternism’, to differing degrees they reflect responses in the literature to that paradigm. At the very least,...

The People’s Republic of China (Zhonghua renmín gongheguo) henceforth to bereferred to as ‘PRC’, or just ‘China’, is the country with the oldest continuous existenceas a political entity in the world, going back millennia. It was known as the ‘MiddleKingdom’ and was for centuries...

In Africa’s least developed countries (LDCs), escape from poverty and convergence to livingstandards of more advanced economies depends critically on structural transformation and theemergence of productive entrepreneurship that would accelerate growth and job creation. So far,however,...

This chapter assesses how models with search frictions have shaped our understanding of aggregatelabor market outcomes in two contexts: business cycle fluctuations and long-run (trend) changes. Wefirst consolidate data on aggregate labor market outcomes for a large set of OECD countries. We...

The potential transformation of labour markets by the emergence of online labour platforms has triggered an intense academic, media and policy debate, but its true scale remains speculation. Nevertheless, adequate policy responses hinge on a good understanding of dynamics - something that will...