The negative and stable relationship between an economy's aggregate demand conditions and overall unemployment is well …-documented. We show that there is a large degree of heterogeneity in the cyclical sensitivities of unemployment across worker and … economy groups. First, unemployment is more than twice as sensitive to aggregate demand in advanced as in emerging market and …

This paper argues that the sharp increase in unemployment in a number of advanced countries during the Great Recession … this had on labor productivity also played a role. In many countries, post-2007 employment losses were modest, as real … was large-scale labor shedding, which boosted labor productivity but also contributed to a sharp rise in unemployment. In …

growth patterns shows that regime changes are quite common in both economic growth and employment growth, yet they are not …

.S. manufacturing industry, and it finds evidence of asymmetry. Tight policy increases job destruction and reduces net employment …

effects on output, employment, and welfare can be significant …