income shock in the EU, compared to 32 per cent in the US. In the case of an unemployment shock 47 percent of the shock are … absorbed in the EU, compared to 34 per cent in the US. This cushioning of disposable income leads to a demand stabilization of … up to 30 per cent in the EU and up to 20 per cent in the US. There is large heterogeneity within the EU. Automatic …

-Saxon countries (the US and the UK), two Continental European countries (France and Germany) and two Scandinavian countries (Norway … probabilities observed in US, with mixed success in Europe. In contrast, matching shocks and job destruction shocks play a larger … role in most European countries relative to the US …

a set of rules and dictionaries to consolidate European, Patent Cooperation Treaty (PCT) and US patent data with firm …. For US data, the resulting dataset includes around 54,000 assignee names and 51.3 percent of US granted patents during …

Recent dramatic declines in U.S. stock and housing markets have led to widespread speculation that shrinking retirement …

across countries and socio-economic groups among older workers in the U.S. and Europe. Generally, we find differences in … significant evidence of justification bias in the U.S. but not in Europe, suggesting differences in social norms concerning work …