unemployment over the last three decades. We find that while macroeconomic and demographic shocks and changing labor market … relative unemployment has fallen in recent years in part because its more flexible labor market institutions allow shocks to … institutions explain a modest portion of this change, the interaction of these shocks and labor market institutions is the most …

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 …

temporal evolution of job retention rates in U.S. labor markets, using data assembled from the sequence of Current Population …

This paper reassesses the evidence on the assimilation and the changing labor market skills of immigrants to the United … States. We find strong evidence of labor market assimilation for most immigrant groups. For Asian and Mexican immigrants the … find little evidence of declining immigrant "quality" within ethnic groups. The diminished labor market skills of new …

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 …

The Great Recession tested the ability of the "great U.S. jobs machine" to limit the severity of unemployment in a … major economic downturn and to restore full employment quickly afterward. In the crisis the American labor market failed to … live up to expectations. The level and duration of unemployment increased substantially in the downturn and the growth of …

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 …