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 …

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 …

labor market. Technology shocks alone replicate remarkably well the volatility in vacancies, unemployment and finding … and Sweden). We conduct inference with mixed frequency data, combining quarterly series for unemployment, vacancies, GDP …, consumption, and investment, with annual data on unemployment flows. Parameters and shocks are estimated separately for each …

employment is the efficient unemployment rate, u*. We define u* as the unemployment rate that minimizes the nonproductive use of … labor--both jobseeking and recruiting. The nonproductive use of labor is well measured by the number of jobseekers and … such symmetry, the labor market is efficient when there are as many jobseekers as vacancies (u = v), too tight when there …