This paper investigates the potential reasons for the surprisingly different labor market performance of the United … States, Canada, Germany, and several other OECD countries during and after the Great Recession of 2008-09. Unemployment rates … increased moderately in Canada. More recent data also show that, unlike Germany and Canada, the U.S. unemployment rate remains …

Unemployment insurance has the standard effect of reducing employment, but also helps workers to get a suitable job. The … predictions of our simple model are consistent with the contrasting performance of the labor market in Europe and US in terms of … unemployment, productivity growth and wage inequality. To show this, we construct two fictitious economies with calibrated …

European unemployment has been steadily increasing for the last 15 years and is …equilibrium unemployment. We then confront the theory to both the detailed facts of …insiders and firms, shocks which affect actual unemployment tend also to affect …

composition in subsamples of the Current Population Survey extracts. This compositional change is specific to Miami, unrelated to … the Boatlift, and arises from selecting small subsamples of workers. We also show that conflicting findings on the labor …

unemployment on inflation, for given expected inflation, decreased until the early 1990s, but has remained roughly stable since …

This paper shows that different labor market policies can lead to differences in technology across sectors in a model … of labor saving technologies. Labor market regulations reduce the skill premium and as a result, if technologies are … labor saving, countries with more stringent labor regulation, which are binding for low skilled workers, become less …