Economic policies shape how much people earn as well as how stable their income and jobs are. The level and stability of earnings both matter for well-being. Standard economic aggregates do not measure accurately the economic uncertainty which households are facing. This paper shows that...

The decline in macroeconomic volatility from the 1980s to the onset of the Great Recession did not, in general, translate into more microeconomic stability. While microeconomic volatility can reflect growth-generating processes, such as creative destruction and re-allocation of resources,...

This publication examines the relationship between innovation policy and economic performance in six OECD countries. In-depth analyses highlight countries' strengths and weaknesses in innovation, as well as the effectiveness of their innovation policies in driving economic performance. Taken...