cumulative core inflation since 2015 but headline unemployment rate much less so. The contribution of trend productivity growth … form of involuntary part-time employment and headline unemployment rate. Both indicators have contributed positively to … post-crisis period-has corresponded with slow pass through from declining unemployment rates to faster wage growth. We …

have high rates of unemployment relative to wage employment, and that self-employment is particularly high where the … unemployment-wage employment ratio is high. I interpret high unemployment-employment ratios as evidence of labor market frictions … labor market frictions can explain almost the entire variation in not only unemployment, but also wage employment and self …

Experiences during the Great Recession support the view that the UK labor market is relatively flexible. Unemployment … stagnation of productivity and wages; an open question is whether this represents a cyclical phenomenon or a structural problem …

for earnings mobility and growth; for the majority, however, selfemployment remains constrained to low-productivity … labor away from these low-productivity activities into higher value added sectors. …

labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and …This paper provides a critique of the ?unemployment invariance hypothesis,? according to which the behavior of the … equilibrating mechanisms to ensure unemployment invariance and that other markets may perform part of the equilibrating process as …

Experiences during the Great Recession support the view that the UK labor market is relatively flexible. Unemployment … stagnation of productivity and wages; an open question is whether this represents a cyclical phenomenon or a structural problem …