European unemployment is widely regarded as a problem of excessive real wages. This view as it is usually expressed … reductions in taxes sufficiently large to offset any effects of diminishing returns to labor. The second part of the paper …

How have labor market institutions and welfare-state transfers affected jobs and productivity in Western Europe … cases and wrong in others. Protectionist labor-market policies such as employee protection laws seem to have become more … harmed either employment or GDP. Even unemployment benefits do not have robustly negative effects …

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 …

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 …

We compare Laffer curves for labor and capital taxation for the US, the EU-14 and individual European countries, using … US can increase tax revenues by 30% by raising labor taxes and by 6% by raising capital income taxes. For the EU-14 we … obtain 8% and 1%. Dynamic scoring for the EU-14 shows that 54% of a labor tax cut and 79% of a capital tax cut are self …

surprising miracle occurred the leaver nations are alleged to have enjoyed a burst of real growth and a decline in unemployment … pronounced if it were not for quiescent wage rates, which the paper attributes to high unemployment. The absence of any …

European unemployment has been steadily increasing for the last 15 years and is …equilibrium unemployment. We then confront the theory to both the detailed facts of …insiders and firms, shocks which affect actual unemployment tend also to affect …

labor markets. We find that workers age 62 to 69 are responsive to the unemployment rate and to long-run fluctuations in … accounts and falling home equity will lead workers to delay retirement. Yet the weakness in the labor market and its impact on … March Current Population Survey to estimate models relating retirement decisions to fluctuations in equity, housing, and …

Throughout the postwar era until 1995 labor productivity grew faster in Europe than in the United States. Since 1995 … explanatory variables, and we link this time effect to a secular increase in the labor-force participation of women, particularly …

In the 1970s, European unemployment started increasing. It increased further in the 1980s, to reach a plateau in the … 1990s. It is still high today, although the average unemployment rate hides a high degree of heterogeneity across countries …. The focus of researchers and policy makers was initially on the role of shocks. As unemployment remained high, the focus …