unemployment. We show that heterogeneity, reflecting differences in match quality and worker assets, reduces the extent of … fluctuations in separations and unemployment. We find that the model faces a trade-off--it cannot produce both realistic dispersion … in wage growth across workers and realistic cyclical fluctuations in unemployment …

the unskilled. By contrast, in Europe it is undoubtedly the rise and persistence of unemployment. Technology has been … identified as a key reason for the rising US wage inequality, while labor market rigidities are often cited as a key reason for … European unemployment. This paper seeks to provide a unified account of these major factor market developments. It models the …

firm. We overview key theories related to offshoring and its labor market effects and survey three waves of the literature …

We measure the impact of labor market referral networks defined by residential neighborhoods on re-employment following … labor market network that includes not only the number of employed neighbors of a laid off worker, but also the gross hiring … some evidence that local labor market networks are linked to re-employment following mass layoffs for lower-earning workers …

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 …

This paper uses a sample of 116 recession episodes in developed and emerging market economies to compare the labor …-market recovery during financial crises with that of other recession episodes. It documents two new stylized facts. First, labor …-market recovery from financial crises is characterized by either higher unemployment ("jobless recovery") or a lower real wage …

Four years after the beginning of the Great Recession, the labor market remains historically weak. Many observers have … the hypothesis that continued poor performance is primarily attributable to shortfalls in the aggregate demand for labor …

workers produce more product varieties and thereby increase labor demand. We find that skills are associated with growth in … disproportionately large impact on unemployment during the current recession …