Using harmonised micro data, this paper investigates the effects of the early phase (2008-10) of the recent economic crisis on transitions between labour market states in Europe. Our analysis focuses on individual heterogeneity, on the type of employment contract, and on cross-country...

Using harmonized micro data, this paper investigates the effects of the early phase (2008-10) of the recent economic crisis on transitions between labour market states in Europe. Our analysis focuses on individual heterogeneity, on the type of employment contract, and on cross-country...

Global downturn in 2008 exerted strong adaptation pressures on China that incited prompt state response. The one-off large state intervention had consequences in several dimensions: on the one hand, it had a positive impact on the system's short-term economic, social and political stability by...

This paper demonstrates that despite substantial transformation towards a market economy, occasions for increased state intervention will mobilize the characteristics of redistribution in party-state systems. Such state intervention occurred through the introduction of the stimulus package in...

In Central and Eastern European women started the process of transition from socialist to market economies with a status quo that differed markedly from women in both developed western and traditional developing economies. They enjoyed an equal or higher level of education than men, virtually no...

Using employer-employee panel data, we provide a novel set of facts on how real wages and working hours within jobs respond to the business cycle. In contrast to previous studies, our data enable us to address the cyclical composition of jobs. We show that UK firms were able to respond to the...

Using employer-employee panel data, we provide novel facts on how real wages and working hours within jobs responded to the UK's Great Recession. In contrast to previous studies, our data enables us to address the cyclical composition of jobs. We show that firms were able to respond to the Great...

Prior to 2020, the Great Recession was the most important macroeconomic shock to the United States economy in generations. Millions lost jobs and homes. At its peak, one in ten workers who wanted a job could not find one. On an annual basis, the economy contracted by more than it had since the...