Pondering the puzzle of the “jobless recovery”

There's a simple reason Americans work longer hours than Europeans, says economist Ed Prescott. And it isn't what you think.

Remarks by Eric S. Rosengren, President and Chief Executive Officer, Federal Reserve Bank of Boston, at the Federal Reserve Bank of Boston's 57th economic conference, "Fulfilling the Full Employment Mandate - Monetary Policy and the Labor Market", Federal Reserve Bank of Boston, Boston,...