not the case. Although unemployment is low, the labor market is not 'tight'. On the contrary, we show that what matters … for wage growth are the non-employment rate and the under-employment rate. Both are high and act as brakes on wage growth …

effects and lagged unemployment. We also use industrial firm's expectations of future employment, which are also predictive of …Unemployment is notoriously difficult to predict. In previous studies, once country and year fixed effects are added to … panel estimates, few variables predict changes in unemployment rates. Using panel data for 29 European countries collected …

-ownership rate in a U.S. state are a precursor to eventual sharp rises in unemployment in that state. The elasticity exceeds unity: a … unemployment rate. What mechanisms might explain this? We provide evidence that rises in home-ownership are associated with three …

Most economists maintain that the labor market in the United States (and elsewhere) is 'tight' because unemployment … rates are low and the Beveridge Curve (the vacancies-to-unemployment ratio) is high. They infer from this that there is … stagnant for some time. We show that unemployment is not key to understanding wage formation in the USA and hasn't been since …

, but sustainable, recovery. Improvement in the labor market may take some time, but many believe that unemployment will … consequences for unemployment may be worse than anticipated. -- Unemployment ; youth …

This paper considers the issue of unemployment one of the most pressing issues facing the UK and other governments, as … unemployment among the young and other disadvantaged groups, is typical of past experience. The paper reviews past literature on … the causes of unemployment, arguing that the origin of the present difficulties lies with a collapse in demand rather than …

pay and the local unemployment rate - in modern U.S. data. Consistent with recent evidence from more than 40 other …'s theoretical framework: (i) wages are higher in states with more generous unemployment benefits, (ii) the perceived probability of … job-finding is lower in states with higher unemployment, and (iii) employees are less happy in states that have higher …

it is quite small in 2004. Negative union effects on employment growth and financial performance are largely confined to … early 1980s across the whole private sector, whether the workplace is unionised or not. -- Trade unions ; wages ; employment …

to be called the Great Recession. Next we look at the labour market and how employment and unemployment have been … to employment. We also examine a number of questions about the impact of globalization that respondents across many …