The government is rightly concerned with employment generation to make growth inclusive. The use of the open unemployment rate to measure its success, however, is misplaced. In a developing country with a large informal sector and in the absence of unemployment insurance, open unemployment is...

Labour market transitions that workers experience throughout their working life play an important role in current policy discussions surrounding the future of work. Transitions occur between employment, unemployment and inactivity, but also between formality and informality, as well as between...

The prospects for labour supply in Europe are considered. The analysis begins with a so-called labour market balance covering the development on an aggregate level. Estimations to shed light on the relation between unemployment and labour force participation are given in the second part of the...