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In this paper, I analyze the pros and cons of implementing structural reforms of the labor market in booms vs. recessions, in light of considerations of social efficiency, political viability, and macroeconomic fine tuning. While the optimal timing of a reform depends on the relative importance...
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In this study I examine the impact of fluctuations in the unemployment rate before high school graduation on … studies, but also find that the impact of the unemployment rate varies across the ability distribution. Using data from the … and not pursuing additional education. Exposure to a higher unemployment rate at age 17 is associated with higher …
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moderate recovery beginning in 2014. Despite some improvement, unemployment remains higher than pre-crisis levels, especially …
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