This paper addresses the issue of underemployment in the UK labour market – the demand for hours of work is less than workers’ willingness to supply extra hours. Workers would like to work more hours, but there is insufficient product demand to justify additional hours. This...

Unemployment rates in the United States have been slow to fall over the last couple of years despite a modest growth in the number of people employed. The increase in nonfarm payrolls has averaged 191,000 a month over the last year, but the number of unemployed has fallen only by about 81,000 a...

This paper examines the amount of slack in the UK labor market. It examines the downward adjustments made by the Monetary Policy Committee (MPC) to both unemployment and underemployment, which in our view are invalid. Without any evidence the MPC in its assessment of the output gap reduces the...

Contrary to much of the established literature, this paper finds that though many older workers would prefer to reduce their working hours (the overemployed), there is a significant group who would like to work longer hours (the underemployed). And contrary to the assumption that the...

The project "Practical training of economist's students. Inter-regional partnership in the labor market between universities and the business environment" focuses on student's transition from school to labor market. Concretely, it tries to highlight the general role of practical training -...

As a consequence of the global financial crisis Germany experienced the deepest slowdown of its economy since World War II. However, given the sharp decrease of GDP the German labour market was quite stable compared to previous recessions when the labour market response was stronger. Therefore,...

As a consequence of the global financial crisis Germany has experienced the deepest slowdown of its economy since World War II. However, at least up to now the German labor market has not shown a strong reaction to the financial crisis. Given the sharp decrease in GDP the levels of employment...

"Organizational change is characterized by different measures of business policy, work organization and personnel policy, e.g. delayering, teamwork, job-rotation, further training and education, incentive payment and flexible working time. These measures work both, alone and in combination, on...

"This paper presents recent empirical evidence on the extent and determinants of employment dynamics and job mobility, building on economic theory and German labor market institutions. In particular, it identifies dynamic and immobile segments of the labor market. Conclusions are drawn with...

"Organizational change is characterized by different measures of business policy, work organization and personnel policy, e.g. delayering, teamwork, job-rotation, further training and education, incentive payment and flexible working time. These measures work both, alone and in combination, on...