Unemployment risk is highly heterogeneous in Denmark: a group of marginal workers constitutes 15 per cent of the labour force but makes up roughly 60% of the unemployed in Denmark. These marginal workers cycle more through jobs, have longer and more frequent spells of unemployment and leave...

Out of four major structural changes affecting the US economy - namely a rising share of skilled workers, skill-biased technological change, decreasing progressiveness of taxation and productivity slowdown - we show that the decline in productivity growth not only is the main driver of the...