One of the main puzzles associated with the Great Recession has been the muted increase in recorded unemployment in the … recession. We establish that there has been significant underemployment, which partly explains the sluggish increase in … unemployment, but also means that (i) significant numbers of workers are supplying fewer hours of work than they would like and (ii …

This paper addresses the issue of underemployment in the UK labour market – the demand for hours of work is less than … significantly during the Great Recession. In this paper, we develop a new index of underemployment which is intended to combine … increase during 2012, though unemployment was stable. The paper also investigates the microeconomic determinants of …

Unemployment is notoriously difficult to predict. In previous studies, once country fixed effects are added to panel … estimates, few variables predict changes in unemployment rates. Using panel data for 29 European countries - Austria; Belgium … predict changes in the unemployment rate 12 months in advance based on individuals' fears of unemployment, their perceptions …

not the case. Although unemployment is low, the labor market is not 'tight'. On the contrary, we show that what matters … for wage growth are the non-employment rate and the under-employment rate. Both are high and act as brakes on wage growth …

Unemployment is notoriously difficult to predict. In previous studies, once country and year fixed effects are added to … panel estimates, few variables predict changes in unemployment rates. Using panel data for 29 European countries collected … just over 10000 observations, we predict changes in the unemployment rate 12 months ahead. We do so using individuals …