The International Labour Organisation (ILO) argues for relaxing the standard definition of unemployment in developing countries where labour markets are not as efficient as those in the developed world. We examine whether such an extension of the standard definition is appropriate in the case of...

The International Labour Organisation (ILO) argues for relaxing the standard definition of unemployment in developing countries by eliminating the requirement that a person be actively searching for a job. We examine whether such an extension of the standard definition is appropriate in the case...

We estimate the impact of hurricane strikes on local economic growth rates and how this is reflected in more aggregate growth patterns. To this end we assemble a panel data set of US coastal counties' growth rates and construct a hurricane destruction index that is based on a monetary loss...