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 … did not change substantially in Germany, increased and remained at relatively high levels in the United States, and …

greater flexibility in wages, these two countries also exhibit more stable employment behavior over the business cycle. In …This paper argues that rigid wages cannot provide the underpinnings of a universally valid theory of the business cycle …, simply because wages are not universally rigid. Several different statistical techniques suggest that wage rates in the U …

explains the contrast between the United States, where real wages fell over the 1980s and aggregate employment expanded … vigorously, and Europe, where real wages were (roughly) constant and employment was stagnant. We test this hypothesis by … comparing changes in wages and employment rates over the 1980s for different age and education groups in the United States …

harmed either employment or GDP. Even unemployment benefits do not have robustly negative effects … costly since about 1980, not through overall employment effects, but through the net human-capital cost of protecting senior …

We analyze a 1960-96 panel of OECD countries to explain why the US moved from relatively high to relatively low … unemployment over the last three decades. We find that while macroeconomic and demographic shocks and changing labor market … important factor explaining the shift in US relative unemployment. Our finding of the central importance of these interactions …

The authors study employment outcomes during the early stages of the COVID-19 pandemic in eight countries with … remained employed (but absent from work) versus unemployed or left the labor force. The authors find large employment decreases … variety of evidence suggests that labor demand was likely a larger driver of employment declines than labor supply and that …

substantial in all countries, robust to controlling for a large set of sociodemographic, employment, psychological, and behavioral …

premium but that changes in relative employment are related to changes in relative wages raising the possibility of some … substitution behavior. Still, the differing dispersion of wages is not a major contributor to differences in employment rates. The …Greater job creation in the US than in Germany has often been related to greater wage dispersion coupled with less …