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The cost of job loss and the great recession

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Labor markets in the global economy : how to prevent rising wage gaps and unemployment

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skill-biased technological change necessarily result in rising unemployment or declining wages of low-skilled workers … compared with the United States - suggest that high unemployment is the price for insufficient wage flexibility. However, the … skill-biased technological change. In Japan, both unemployment and wage disparities remained low. The contrasting experience …

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The stalling engine in Wirtschaftswunder-Land : Germany's economic policy challenges

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An Englishman once watched his first American football game. He looked intently as the team gathered into a huddle after each play. His American host asked him what he thought of the proceedings. "Not a bad sport", remarked the visitor, "but they do seem to engage in an excessive number of...

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