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. Results are presented for the U. S., Japan, and an aggregate called "Europe" consisting of eleven European economies. The … primary theme of the paper is that differences between Europe and the U. S. have been substantially exaggerated in recent work …. Europe has neither greater nominal wage flexibility nor more rigid real wages than the U. S. Evidence that the U. S. exhibits …
Persistent link: https://www.econbiz.de/10012477000
contemporary labor issues in North America and Europe, from reserve rules and free agency, high levels of player pay and work …
Persistent link: https://www.econbiz.de/10012471202
predictions of our simple model are consistent with the contrasting performance of the labor market in Europe and US in terms of … the economy with unemployment insurance (Europe). As a result, unemployment doubles in this economy. In the laissez …
Persistent link: https://www.econbiz.de/10012472779
This study investigates the economic consequences of parental leave mandates using data for 16 European countries over the 1969 through 1988 period. Since women use virtually all of the family leave in most nations, men constitute a reasonable comparison group and the natural experiment in most...
Persistent link: https://www.econbiz.de/10012473154
the unskilled. By contrast, in Europe it is undoubtedly the rise and persistence of unemployment. Technology has been …
Persistent link: https://www.econbiz.de/10012473209
Economists are often puzzled by the stronger public opposition to immigration than trade, since the two policies have similar effects on wages. Unlike trade, however, immigration can alter the composition of the local population, imposing potential externalities on natives. While previous...
Persistent link: https://www.econbiz.de/10012463128
Due to population aging, GDP growth per capita and GDP growth per working-age adult have become quite different among many advanced economies over the last several decades. Countries whose GDP growth per capita performance has been lackluster, like Japan, have done surprisingly well in terms of...
Persistent link: https://www.econbiz.de/10014437045
We discuss how the relative importance of factors that contribute to movements of the U.S. Beveridge curve has changed from 1960 to 2023. We review these factors in the context of a simple flow analogy used to capture the main insights of search and matching theories of the labor market. Changes...
Persistent link: https://www.econbiz.de/10014421208
This chapter reviews key literature studying the effects of wars on minority and underrepresented groups in U.S. labor markets in the 20th century. These labor markets, characterized by historically pervasive barriers to entry into certain occupations and industries, promotions, and fair pay for...
Persistent link: https://www.econbiz.de/10014421237
We analyze a 1960-96 panel of OECD countries to explain why the US moved from relatively high to relatively low unemployment over the last three decades. We find that while macroeconomic and demographic shocks and changing labor market institutions explain a modest portion of this change, the...
Persistent link: https://www.econbiz.de/10012470192