Like most Western European countries, Germany stringently regulates dismissals and layoffs. Critics contend that this … Germany. We find little evidence that inventories help to buffer demand fluctuations in either country. Our findings suggest … flexibility in staffing levels …

States, Canada, Germany, and several other OECD countries during and after the Great Recession of 2008-09. Unemployment rates … did not change substantially in Germany, increased and remained at relatively high levels in the United States, and … increased moderately in Canada. More recent data also show that, unlike Germany and Canada, the U.S. unemployment rate remains …

. Results are presented for the U. S., Japan, and an aggregate called "Europe" consisting of eleven European economies. The …. Europe has neither greater nominal wage flexibility nor more rigid real wages than the U. S. Evidence that the U. S. exhibits … nominal wage flexibility as Europe, and similar "output sacrifice ratios" as well. These results undermine the case frequently …

Japan; adjustment of employment is significantly greater in the United States, while that of average hours is about the same … in the two countries. Although workers in Japan enjoy greater employment stability than do U.S. workers, we find … is borne by production workers. In Japan, female workers, in particular, bear a disproportionate share of adjustment …

lackluster, like Japan, have done surprisingly well in terms of GDP growth per working-age adult. Indeed, from 1998 to 2019 …, Japan has grown slightly faster than the U.S. in terms of per working-age adult: an accumulated 31.9% vs. 29.5%. Furthermore …