I use the method introduced by Gottschalk and Hansen (2003) to analyze the rate of overeducation among workers with exactly a college degree between 2006 and 2013. To my knowledge, this is the first study to use this method to analyze trends in overeducation during the great recession in the...

Most economists maintain that the labor market in the United States is 'tight' because unemployment rates are low. They infer from this that there is potential for wage-push inflation. However, real wages are falling rapidly at present and, prior to that, real wages had been stagnant for some...

The economics profession appears to have been unaware of the long build-up to the current worldwide financial crisis and to have significantly underestimated its dimensions once it started to unfold. In our view, this lack of understanding is due to a misallocation of research efforts in...