Experiences during the Great Recession support the view that the UK labor market is relatively flexible. Unemployment … stagnation of productivity and wages; an open question is whether this represents a cyclical phenomenon or a structural problem …

Experiences during the Great Recession support the view that the UK labor market is relatively flexible. Unemployment … stagnation of productivity and wages; an open question is whether this represents a cyclical phenomenon or a structural problem …

sharp decline in output—explained by a drop in aggregate total factor productivity and investment—and a protracted increase …Why are financial crises associated with a sustained rise in unemployment? We develop a tractable model with frictions … in unemployment. We then explore the micro-level impact by tracking the employment dynamics for firms of different sizes …

/EU productivity gap. We find robust evidence that US firms have a higher capacity to translate R&D into productivity gains (especially … in the high-tech industries), and this contributes to explaining the higher productivity of US firms. Conversely, EU … firms are more likely to achieve productivity gains through capital-embodied technological change at least in medium and low …

We develop a model where workers, anticipating the possibility of unemployment, invest in connections to access … information about available jobs. The investment in connections is high when the job separation rate is moderate, otherwise the … investment in connections is low. The response of network investment to labor market conditions generates novel predictions. In …

require reform, not just investment. …

we use data on market sector productivity, R&D and non-R&D intangible assets, and public sector R&D spending. We look for … evidence of market sector spillovers from intangible investment and from public R&D. We find (a) no evidence of spillover … effects from intangible investment at the market sector level, including from R&D, (b) strong evidence of market sector …