European labour-market reform

John Driffill, 8 March 2013

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Unemployment continues to rise in the Eurozone and is increasingly drawing attention to its sluggish labour markets. There is a lingering suspicion that these markets are not flexible enough; that wage growth (real and in money terms) does not respond sufficiently to unemployment.

Topics: Europe's nations and regions, Labour markets
Tags: EU, Europe, unemployment

Jobs and growth are still linked (that is, Okun’s Law still holds)

Laurence Ball, Daniel Leigh, Prakash Loungani, 26 January 2013

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Unemployment rates remain high in most advanced countries. Many scholars have drawn attention to an apparent decoupling of unemployment increases from output declines during the Great Recession (e.g. IMF 2010, Cazes et al. 2011).

Topics: Global crisis, Labour markets
Tags: jobless recovery, Okun, output, unemployment

It’s not a skill mismatch: Disaggregate evidence on the US unemployment-vacancy relationship

Rand Ghayad, William Dickens, 5 January 2013

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The Beveridge curve – the empirical relationship between unemployment and vacancies – is thought to be an indicator of the efficiency of the functioning of the labour market. Normally when vacancies rise, unemployment falls following a curved path that typically remains stable over long periods of time.

Topics: Labour markets
Tags: skills, unemployment, US, welfare

Jobs: The next piece of Africa’s growth jigsaw

David Fine, Susan Lund, 4 December 2012

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Africa’s recent economic performance has been impressive. With average annual growth of 5.1% over the past ten years, the continent is the second fastest-growing region in the world (IMF 2012). The share of people in extreme poverty is falling.

Topics: Development, Labour markets
Tags: Africa, employment, labour, unemployment

Jobless recoveries and the disappearance of routine occupations

Henry Siu, Nir Jaimovich, 6 November 2012

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Economic recoveries aren’t what they used to be. Since the end of the Great Recession in June 2009:

Topics: Global crisis, Labour markets, Poverty and income inequality
Tags: Great Depression, Great Recession, jobs, labour, unemployment

Temporary employment: The trade-off between efficiency and equity

Elke Jahn, Regina T. Riphahn, Claus Schnabel, 10 October 2012

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Over the last three decades, the use of flexible forms of employment such as fixed-term and temporary agency work contracts has increased substantially throughout much of Europe. This development has been driven by government efforts to ease restrictions on temporary employment, whereas the regulation of permanent contracts has been left essentially unaltered.

Topics: Labour markets
Tags: efficiency, equity, temporary contracts, unemployment

The case for temporary inflation in the Eurozone

Stephanie Schmitt-Grohe, Martín Uribe, 16 September 2012

Vox readers can download CEPR Discussion Paper 9133 for free here.

Journalists are entitled to free DP downloads on request; please contact pressoffice@cepr.org. To learn more about subscribing to CEPR's Discussion Paper Series, please visit the CEPR website.

URL: www.cepr.org/pubs/dps/DP9133.asp
Topics: Labour markets
Tags: Eurozone crisis, Great Recession, unemployment, wages

Games on Networks

Matthew O. Jackson, Yves Zenou, 9 September 2012

Vox readers can download CEPR Discussion Paper 9127 for free here.

Journalists are entitled to free DP downloads on request; please contact pressoffice@cepr.org. To learn more about subscribing to CEPR's Discussion Paper Series, please visit the CEPR website.

URL: www.cepr.org/pubs/dps/DP9127.asp
Topics: Frontiers of economic research, Industrial organisation
Tags: crime, education, unemployment

The German labour market: Low worker flows and large volatilities

Hermann Gartner, Christian Merkl, Thomas Rothe, 8 August 2012

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Business cycle fluctuations are associated with large ups and downs of the labour market (see Shimer 2005 for the US). The increased probability of losing a job and the reduced probability of finding a job in a recession may be considered as one of the major costs of an economic downturn.

Topics: Europe's nations and regions, Labour markets
Tags: Germany, jobs, unemployment

How local are labour markets? A look at the London Olympics

Alan Manning, Barbara Petrongolo, 3 August 2012

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How local are labour markets? A number of important questions in labour economics hinge on the answer.

Topics: Labour markets
Tags: jobs, local labour markets, Olympics, unemployment

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