Unemployment has fallen substantially in virtually all EU8+2 countries since 2004 due to strong growth in labor demand. This labor demand growth has given rise to skill shortages and associated wage pressures, often amplified by out-migration. However, employment/working age population ratios...

In this paper we study the structure of labor market flows in Spain and compare them with France and the US. We characterize a number of empirical regularities and stylized facts. One striking result is that the job finding rate is slightly higher than in France, while the job loss rate is much...

We investigate whether economic conditions at labor market entry predict long-term differences in law graduate earnings. We find that unemployment levels at graduation continue to predict law earnings premiums within 4 years after graduation for earners at the high end and middle of the...

Evidence on job creation and destruction for the UK is still limited compared to that available from other countries. What evidence there is refers almost entirely to the manufacturing sector, with the most recent figures referring to the 1980s. There are therefore no recent estimates for the...

Inspired by an essay written by a colleague about the general defects and the potential development of the present content and shape of the "Introduction to Economics" module in Hungarian business education, the author of this article examines the circumstances and essential elements of teaching...

This paper uses an integrated employer-employee data set to answer two key questions: 1. What is the equilibrium amount of worker reallocation in the economy - both within and across industries? 2. How much does firm-level job reallocation affect the separation probabilities of workers?...

We estimate the increase in earnings from a law degree relative to a bachelor’s degree for graduates of different race/ethnic groups. Law earnings premiums are higher for whites than for minorities (excluding individuals raised outside the U.S.). The median annual law earnings premium is...

This paper measures the job-search responses to the COVID-19 pandemic using realtime data on vacancy postings and job ad views on Sweden’s largest online job board. First, new vacancy postings drop by 40%, similar to the US. Second, job seekers respond by searching less intensively, to the...

I examine labor market flows in the CPS through March 2020. Although there was a dramatic single month increase in the unemployment rate and exit rate from employment, most cyclical flows (hiring, employer-to-employer flows, quits) have not yet changed substantially. I show that increases in...

Market economies experience high rates of job creation and job destruction in almost every time period and sector. Each year, many businesses expand and many others contract. New businesses constantly enter, while others abruptly exit or gradually disappear. Amidst the turbulence of business...