though the unemployment rate has returned to its pre-recession levels in many advanced countries, underemployment in most has … not.We produce estimates for a new, and better, underemployment rate for twenty-five European countries. In most … underemployment remains elevated. We provide evidence for the UK and the US as well as some international evidence that …

Though labor market conditions steadily improved following the Great Recession, underemployment among recent college … underemployment is a temporary phase for many recent college graduates as they transition to better jobs after spending some time in …

We study the employment and output effects of the short-time work (STW) policy in Germany between 2009 and 2010. This …

Italy and Germany have similar geographical differences in productivity – North more productive than South in Italy …; West more productive than East in Germany – but have adopted different models of wage bargaining. Italy sets wages based on … nationwide contracts that allow for limited local wage adjustments, while Germany has moved toward a more flexible system that …

In 1997 GDP per capita in East Germany was 57% of that of West Germany, wage rates were 75% of western levels, and the … bring convergence, labor flows would respond, enhancing overall efficiency. Yet net emigration from East Germany has fallen … from high levels in 1989-1990 to close to zero. Using state-level data for all of Germany, available from 1991-1996, I am …

stabilizers in Eastern and Southern Europe are much lower than in Central and Northern European countries. We also investigate …

three approaches to analyze debt sustainability in the United States and Europe after the recent surge in public debt …