How bad could recession get? These two economists use the last three recessions to come up with the range of possibilities. Here is what could happen.

Contrary to popular perceptions, the United States has a much smaller small-business sector (as a share of total employment) than other countries at a comparable level of economic development, according to this new CEPR report. The authors observe that the undersized U.S. small business sector...

The authors demonstrate that the average state or local government worker earns higher wages than the average private-sector worker—but only because they are, on average, older and substantially better educated. More than half of state and local government employees in New England have a...

Intro -- Contents -- Contributors -- Foreword / Robert M. Solow and Eric Wanner -- Chapter 1. Introduction and Overview / Eileen Appelbaum, Gerhard Bosch, Jérôme Gautié, Geoff Mason, Ken Mayhew, Wiemer Salverda, John Schmitt, and Niels Westergaard-Nielsen -- Part I. Low-Wage Work and National...