Productivity growth is slowing down among OECD countries, coupled with increased misallocation of resources. A recent strand of literature focuses on the role of non-viable firms (“zombie firms”) to explain these developments. Using a rich firm-level dataset for one of the OECD countries...

To enjoy the same success in the future as in the past, Malaysia will need to ensure that more people develop the right skills and use them effectively in the workplace. Special attention needs to be devoted to supporting disadvantaged students and adults in developing critical skills and...

"Seit 30 Jahren hoffen die Deutschen auf ein Wirtschaftswachstum, das die Arbeitslosigkeit beseitigt. Bis heute war dieses Hoffen vergeblich, und nichts spricht dafür, dass sich hieran künftig etwas ändern wird. Politiker und Bevölkerung müssen begreifen: Die bisherige Strategie ist nicht...

Cross-country differences in the measurement of labour input contribute to observed productivity gaps across countries. In most countries, labour force surveys (LFS) form a primary source of information for employment related statistics, such as persons employed, employees and hours worked....