The ins and outs of UK unemployment

Jennifer Smith, 18 July 2011



The labour market is in a continual state of flux. Workers are hired, fired, joining the labour force and leaving the labour force. The balance of these flows determines the unemployment rate.

Topics: Labour markets
Tags: employment protection, job search, UK, unemployment

Where are the jobs? Out there, somewhere. Perhaps.

Alfonso Rosolia, Federico Cingano, 17 July 2011



The global crisis hit jobs hard. According to the OECD, between 2007 and 2010 the number of employed people fell by almost 5 million throughout OECD countries and the number of job seekers rose by over 16 million.

Topics: Labour markets
Tags: jobs, networks, unemployment

Egypt’s demographic pressure – Where and how to create jobs?

Marga Peeters, 2 June 2011



Demographic developments place Egypt among the group of countries around the globe with the highest labour-supply growth for many years to come. The Egyptian economy can reap a demographic dividend from this human capital potential if the new entrants find a job (see also Noland and Pack 2008).

Topics: Development, Labour markets, Politics and economics
Tags: Arab uprising, Egypt, unemployment

Coping with crises: Policies to protect employment and earnings

Pierella Paci, Ana Revenga, Bob Rijkers, 19 April 2011



“There cannot be a crisis next week. My schedule is already full.” – Henry A Kissinger

Topics: Global crisis, Labour markets, Macroeconomic policy
Tags: financial crises, unemployment

The roots of the German miracle

Hermann Gartner, Christian Merkl, 9 March 2011



While the US labour market has seen a dramatic loss in jobs in the Great Recession, the German labour market has seemed to be unaffected – the number of employed workers has remained stable. This is all the more surprising as German GDP dropped more than in the US in 2009 (-4.7% vs. -2.7%). Some economists (e.g.

Topics: Europe's nations and regions, Labour markets
Tags: Germany, Labour-market reform, unemployment

Deviations from the Taylor rule and the dual mandate

Nicolas Groshenny, 2 February 2011



According to its official mandate, the Federal Reserve sets the federal funds rate to achieve a dual goal of price stability and maximum sustainable employment. Since the global crisis erupted, debate has been raging over the Federal Reserve's conduct of monetary policy over the period 2002-2006.

Topics: Global crisis, Monetary policy
Tags: inflation, Taylor rules, unemployment

Is short-time work a good method to keep unemployment down?

Pierre Cahuc, Stéphane Carcillo, 1 February 2011



Short-time compensation (or short-time work) aims at reducing lay-offs by allowing employers to temporarily reduce hours worked while compensating workers for the induced loss of income. At present, short-time work schemes are widespread among OECD countries, having grown in popularity during the Great Recession.

Topics: Labour markets
Tags: OECD, Short-term work, unemployment

Immigration, offshoring and US jobs

Gianmarco I.P. Ottaviano, Giovanni Peri, Greg C Wright, 18 November 2010



Manufacturing production and employment in the US has been in decline over recent decades. This loss of jobs is often blamed on a combination of multinational firms relocating jobs abroad and immigrant workers increasing competition in the labour market. But measuring the impact of globalisation on jobs is more difficult than that, even if many choose not to believe it.

Topics: International trade, Migration
Tags: immigration, manufacturing, offshoring, unemployment, US

Unemployment and happiness: A new take on an old problem

Andreas Knabe, Ronnie Schöb, Joachim Weimann, 17 November 2010



Recently, economists and policymakers alike have been paying more and more attention to subjective wellbeing (Graham 2010).

Topics: Frontiers of economic research
Tags: happiness, life satisfaction, unemployment, utility

Animal Spirits, Persistent Unemployment and the Belief Function

Roger E. A. Farmer , 8 November 2010

Vox users can download CEPR Discussion Paper 8100 for free here. To learn more about subscribing to CEPR's Discussion Paper Series, please visit the CEPR website.

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

Topics: Labour markets, Macroeconomic policy
Tags: animal spirits, inflation, unemployment

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