This paper provides an overview of the evolution of the COVID-19-induced health and labour market crises in the Least Developed Countries (LDCs), drawing on a large set of available data and sources. It highlights how the outbreak is affecting jobs and incomes via multiple channels of...

This paper explores the impact of undocumented as opposed to documented immigration in a model featuring search frictions and non-random hiring that is consistent with novel empirical evidence presented. In this framework, undocumented immigrants' wages are the lowest of all workers due to their...

Fundamental reform of traditional Japanese labour market practices is essential to cope with rapid population ageing and the era of 100-year lives. A shift to more flexible employment and wage systems based on performance rather than age would enable Japan to better utilise its human capital....