presence of country and year fixed effects and lagged unemployment. We also use firms' expectations of future employment, which … and individual's life and their financial and job situations plus their views on the economic and employment situation of … variables while it is uncorrelated with life satisfaction. The unemployment rate and the CPI reduce both. We analyze data for 29 …

Most economists maintain that the labor market in the United States is 'tight' because unemployment rates are low. They …, prior to that, real wages had been stagnant for some time. We show that unemployment is not key to understanding wage … formation in the USA and hasn't been since the Great Recession. Instead, we show rates of under-employment (the percentage of …

One of the main puzzles associated with the Great Recession has been the muted increase in recorded unemployment in the … unemployment, but also means that (i) significant numbers of workers are supplying fewer hours of work than they would like and (ii …

increase during 2012, though unemployment was stable. The paper also investigates the microeconomic determinants of …