greater flexibility in wages, these two countries also exhibit more stable employment behavior over the business cycle. In …

greater flexibility in wages, these two countries also exhibit more stable employment behavior over the business cycle. In …

slowdown was largely offset by faster growth in employment per capita, leaving little difference in growth of output per capita … between the EU and US going back to 1980. This paper is about the strong negative tradeoff between productivity and employment … between productivity and employment growth, and we show that there is a robust negative correlation between productivity and …