Acknowledgements -- Foreword looking back in order to look forward / Ken Roberts -- Understanding the changing youth labour market -- From the "golden age" to neo-liberalism -- The great transformation and the punitive turn -- Towards a new normality : work and unemployment in contemporary...

Europeans have worked less than Americans since the 1970s. In this paper, we quantify the relative importance of the extensive and intensive margins of aggregate hours of market work on the observed differences. Our counterfactual exercises show that the two dimensions of the extensive margin,...