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 …

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 …

of labor-market institutions such an approach is incomplete. Drawing on the history of American labor markets over two … historical evolution of American labor markets can best be characterized as a sequence of relatively stable arrangements … the labor market …

within national and international labor and financial markets. Within the region's traditional industries, manufacturers … the region's post-World War II recovery. The responsiveness of international and interregional labor migration moderated … the growth of regional labor supplies in response to diminishing opportunities. Meanwhile, financial market integration …

labor markets before the Civil War. Much of the paper addresses the evolution of regional differences in real wages, of … interest to economic historians because they speak to the formation of a national labor market.' In the North, real wages … relative to real wages in settled regions -- the Northeast -- as labor migrated to the frontier. In the South, regional wage …

labor markets before the Civil War. Much of the paper addresses the evolution of regional differences in real wages, of … interest to economic historians because they speak to the formation of a national labor market.' In the North, real wages … relative to real wages in settled regions -- the Northeast -- as labor migrated to the frontier. In the South, regional wage …