Unemployment and inflation lower well‐being. The macroeconomist Arthur Okun characterized the negative effects of unemployment and inflation by the misery index—the sum of the unemployment and inflation rates. This paper makes use of a large European data set, covering the period...

There is a growing gap in the union membership wage premium between public and private-sector workers in the United Kingdom. Using the Labour Force Surveys of 1993-2006, the gap between the membership premium in the public and private sectors closes with the addition of three-digit occupational...