Making use of an international survey that directly assesses the participants' cognitive skills, I study the effect of skills on employment in 32 countries. On average, a one-standard-deviation increase in numeracy skills is associated with an 8.4 percentage-point increase in the probability of...

Using an international survey that directly assesses the cognitive skills of the adult population, I study the relation between skills and unemployment flows across 37 countries. Depending on the specifically assessed domain, I document that skills have an unconditional correlation with the...

Using an international survey that directly assesses the cognitive skills of the adult population, I study the relation between skills and unemployment flows across 37 countries. Depending on the specifically assessed domain, I document that skills have an unconditional correlation with the...

Most economists maintain that the labor market in the United States (and elsewhere) is tight because unemployment rates are low and the Beveridge Curve (the vacancies-to-unemployment ratio) is high. They infer from this that there is potential for wage-push inflation. However, real wages are...

During the recent boom in the world economy, many western developed countries, of varying political complexion, adopted neoliberal welfare policies and deregulated labour markets. For the unemployed these reforms were characterised by contracting-out of labour exchange functions (public...

Using a sample of 97 countries spanning the period 1980?2008, we estimate that financial crises have a large negative impact on unemployment in the short term, but that this effect rapidly disappears in the medium term in countries with flexible labor market institutions, whereas the impact of...

New technologies, globalization, the information revolution, and labor market changes have affected the world economy on an unprecedented scale. As a consequence, the demand for a skilled workforce has increased, world trade and migration have intensified, and the divide between the haves and...

Using data from the Swiss Labor Force Survey (1998-2006), we estimate the wage returns to job tenure, general experience, occupational experience, and industrial experience. General labor market experience appears to be the far most important determinant of lifecycle wage growth, occupational...