Experiences during the Great Recession support the view that the UK labor market is relatively flexible. Unemployment … stagnation of productivity and wages; an open question is whether this represents a cyclical phenomenon or a structural problem …

the transitions from unemployment to employment and between different types of employment. Using individual-level panel … attending training courses while unemployed on individuals' yearly ratio of unemployment. In addition to this, we explore … small but still significantly positive effect of training in reducing post-training unemployment events. For employed …

have high rates of unemployment relative to wage employment, and that self-employment is particularly high where the … unemployment-wage employment ratio is high. I interpret high unemployment-employment ratios as evidence of labor market frictions … labor market frictions can explain almost the entire variation in not only unemployment, but also wage employment and self …

with different equilibria descriptive of the labor markets in Spain and France, where the unemployment rates went from the … unemployment rate in Spain has jumped to much higher levels while switching between equilibria or, what is the same, because of …

productivity-wage gap. We connect these trends by building a model where firms post long-lived vacancies and engage in on … and the wedge between hiring and meeting rates. All three channels lower wages while raising productivity. Quantitatively …, increased replacement hiring explains half the increase in the productivity-wage gap. The socially efficient outcome features …