for a job). Rather, assessments of the employment gap should reflect the incidence of underemployment (that is, people ….S. employment gap. Next, using state-level data, we find strong statistical evidence that each of these forms of labor market slack … employment gap in light of prescriptions from Taylor-style benchmark rules. …

In search and bargaining models, the effect of higher wages on employment is determined by the elasticity of the job … creation curve and a standard demand curve is that the former represents a relationship between wages and employment rates …, while the latter represents a relationship between wages and employment levels. Although this distinction is quite simple …

We assess the extent to which manufacturing decline and housing booms contributed to changes in U.S. non-employment … during the 2000s. Using a local labor market design, we estimate that manufacturing decline significantly increased non-employment … during 2000-2007, while local housing booms decreased non-employment by roughly the same magnitude. The effects of …

distribution) of wages, unemployment, employment growth, and migration remain remarkably constant in Japan for periods of up to 15 …

slowdown was largely offset by faster growth in employment per capita, leaving little difference in growth of output per capita … between the EU and US going back to 1980. This paper is about the strong negative tradeoff between productivity and employment … between productivity and employment growth, and we show that there is a robust negative correlation between productivity and …

aggregate trends, employment in initially middle-skill-intensive labor markets hollowed-out between 1980 and 2005. Employment … employment growth in lower-tail occupations. For college workers, employment losses at the middle were offset in roughly equal …