This article introduces the metaphor of the iceberg in the labour market. While policy in most OECD countries has historically focussed on reducing unemployment (the tip of the iceberg), the group of inactive people (below the waterline) is much larger. Therefore, we point to the clear...

This article introduces the metaphor of the iceberg in the labour market. While policy in most OECD countries has historically focussed on reducing unemployment (the tip of the iceberg), the group of inactive people (below the waterline) is much larger. Therefore, we point to the clear...

The labor force participation of women is lower than the labor force participation of men. This empirical regularity is particularly acute in Latin America and the Caribbean (LAC). In terms of labor market productivity and growth potential, these lower participation rates constitute a reserve of...

How skills acquired in vocational education and training (VET) affect wages and employment is not clear. We develop and estimate a search and matching model for workers with a VET degree. Workers differ in interpersonal, cognitive and manual skills, while firms require and value different...

How skills acquired in vocational education and training (VET) affect wages and employment is not clear. We develop and estimate a search and matching model for workers with a VET degree. Workers differ in interpersonal, cognitive and manual skills, while firms require and value different...

This paper, the neoclassical model of labour supply has been used to investigate the labour force participation and the probability of being employed for the case of Bangladesh. To our knowledge, this represents one of the first detailed studies of labour force participation for Bangladesh and...

This research presents a new metric known as "AI Augmentation," aimed at quantifying the influence of generative AI across diverse job roles, organizations, and sectors. The analysis defies prevailing expectations of job losses due to AI, instead demonstrating a reverse correlation between AI...

We study how policies that facilitate firm digital adoption shape the labor market and economic recovery from COVID-19 in a search and matching framework with firm entry and exit where salaried firms can adopt digital technologies and the labor market and firm structure embodies key features of...

This paper models the university-to-work transition in a stochastic dynamic environment, where students may study and work simultaneously. Student employment decisions depend on academic achievement, labor market opportunities, and expectations about the future. Estimation of the structural...