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...

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...

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 -...

The present paper examines the changing nature of employment situation of rural youth in India by social group status, during the last two decades. The large part of the analysis in this paper is based on the NSSO quinquennial surveys on employment and unemployment. In this respect we have used...

Abstract German (English abstract is added below) Arbeitslosigkeit gilt als eines der schwerwiegendsten gesellschaftlichen Probleme unserer Zeit. Doch welche Gründe liegen, trotz der über die Jahre eingeleiteten Maßnahmen zur Bekämpfung der Arbeitslosigkeit, für die anhaltende...

An institutional trap emerges in the gap between actual wage rate in Ukraine and the wage that provides the growth in working-age population. This activates the mechanism of demographic trap.

Following the most recent recession, an attempt has been made to explain current levels of unemployment as resulting from structural unemployment, or a mismatch between the skills of the unemployed and the types of jobs available. The evidence, however, indicates that the issue is actually a...

This paper provides a critique of the "unemployment invariance hypothesis," according to which the behavior of the labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and the labor force. Using Solow growth and endogenous growth...