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.
European labour-market reform
John Driffill, 8 March 2013
Jobs and growth are still linked (that is, Okun’s Law still holds)
Laurence Ball, Daniel Leigh, Prakash Loungani, 26 January 2013
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).
It’s not a skill mismatch: Disaggregate evidence on the US unemployment-vacancy relationship
Rand Ghayad, William Dickens, 5 January 2013
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.
Jobs: The next piece of Africa’s growth jigsaw
David Fine, Susan Lund, 4 December 2012
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.
Jobless recoveries and the disappearance of routine occupations
Henry Siu, Nir Jaimovich, 6 November 2012
Economic recoveries aren’t what they used to be. Since the end of the Great Recession in June 2009:
Temporary employment: The trade-off between efficiency and equity
Elke Jahn, Regina T. Riphahn, Claus Schnabel, 10 October 2012
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.
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.
Games on Networks
Matthew O. Jackson, Yves Zenou, 9 September 2012
Vox readers can download CEPR Discussion Paper 9127 for free here.
The German labour market: Low worker flows and large volatilities
Hermann Gartner, Christian Merkl, Thomas Rothe, 8 August 2012
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.
How local are labour markets? A look at the London Olympics
Alan Manning, Barbara Petrongolo, 3 August 2012
How local are labour markets? A number of important questions in labour economics hinge on the answer.
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
- Eurozone breakup would trigger the mother of all financial crisesEichengreen
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
- Debt, deleveraging, and the liquidity trap: A new modelKrugman
Cadot, de Melo, 16 June 2014
CEPR Policy Research
- The buyer margins of firms' exportsCarballo, Ottaviano, Volpe
- Commodity and Equity Markets: Some Stylized Facts from a Copula ApproachDelatte, Lopez
- Ethnic Unemployment Rates and Frictional MarketsGobillon, Rupert, Wasmer
- Finance and Poverty: Evidence from IndiaAyyagari, Beck, Hoseini
- The Manipulation of Basel Risk-WeightsMariathasan, Merrouche
- The economics of Scottish independence in an interdependent worldHughes Hallett
- Making city lights shine brighterYusuf, Leipziger
- The euro in the 'currency war'Bénassy-Quéré, Martin
- The roots of shadow bankingPerotti
- What’s wrong with Europe?Baldini, Manasse
- Corporate Finance Theory Symposium19 - 20 September 2014 / Cambridge / Judge Business School, Cambridge University
- International Trade, Finance, and Macroeconomics: Research Frontiers and Challenges for Policy18 - 19 December 2014 / The Bank of England, London / The Bank of England, Centre for Macroeconomics and CEPR