Pakistan's economy has grown faster on average than many other low- and middle-income countries over the past two decades. But several countries in Southeast Asia have fared even better. This paper focuses on factors that explain Pakistan's relative growth performance. In addition to more...

The secular shift in labor demand from unskilled to skilled labor is explained within a model that is solved numerically. There are three branches producing a basic good, a differentiated luxury good, and an intermediate service. Production is more skill-intensive in the luxury good and the...

Based on a Cox Proportional Hazard analysis of German unemployment spells, structural change of the production process is identified as a major explanation for long-term unemployment. Other important covariates capture labor market institutions, macroeconomic stress factors, and individual...