The Article explores the institutional role monetary mechanisms play, or could play, in work migration programs. The Article first explores the role of informal recruitment fees in this context. Those fees are commonly paid by temporary, low-skilled migrants to private recruiters and labor...

Persistent unemployment after recessions and the policies required to bring it down are the subject of an ongoing debate. One view suggests there are fundamental changes in the labor market that imply a long-term higher rate of unemployment, requiring the implementation of structural policy...

We empirically analyze the effect of policy of the Federal Reserve on the US labor market using the PSID data set. We find that an increase in the federal funds rate decreases the probability that an individual is unemployed. Survival analysis indicates that a rise in the federal funds rate will...