supply - on the labour market outcomes of black and white Americans. Our results indicate that adverse macroeconomic shocks … have differential effects on labour market outcomes for blacks and whites, hurting blacks disproportionately relative to … in their unemployment rate and not a decline in labour force participation rate. Policymakers should take account of …

This paper analyses how labour market heterogeneity affects unemployment, productivity and business cycle dynamics that … unskilled workers. Skill mismatch and skill-specific labour market institutions have three main effects on business cycles and … growth dynamics. First, as the composition of labour market skills leads to supply segmentation, the relative scarcity of …