Recessions leave scars on the labor market. Over 200 million people across the globe are estimated to be unemployed at … present resulting from the Great Recession of 2007–09. We assess the human cost of increased unemployment by surveying what … is known about the effects of past recessions. If past is prologue, the cost to the unemployed (and society) could be …

markets. This paper analyzes the recent employment experiences of six economies: Germany, Korea, Mexico, New Zealand, Spain …

productivity in Algeria is associated with higher unemployment than the sample average, though recent positive terms of trade … unemployment is higher in Algeria than in other countries. The results are robust to various panel econometric methods and …

effect by which inefficient jobs are destroyed in recessions. In a quantitative version of the model calibrated to the …

EPL discourages both. The overall impact on equilibrium unemployment is thus ambiguous, depending on the characteristics … destruction effect is stronger, thus raising the unemployment rate. …

relatively minor intervention can dramatically increase the fragility of jobs, the length of unemployment spells, as well as the … extent of unemployment and labor market churning. With institutions of the type studied here common across many different …