The US manufacturing base is surprisingly strong

Theodore H. Moran, Lindsay Oldenski, 9 August 2014



Recently, a number of studies, descriptive employment statistics, and statements by US politicians have raised concerns about the strength of US manufacturing.

Topics: Industrial organisation, Productivity and Innovation
Tags: employment, multinationals, offshoring, US manufacturing

Employee satisfaction and firm value: A global perspective

Alex Edmans, 25 July 2014



Is employee satisfaction good or bad for firm value? While it may seem natural that companies should do better if their workers are happier, this relationship is far from obvious. The 20th-century way of managing workers (e.g.

Topics: Labour markets, Microeconomic regulation, Productivity and Innovation
Tags: employee satisfaction, employment, employment protection, happiness, Labour Markets, labour-market flexibility, labour-market regulation, Management, productivity, profits, Stock returns, work, worker satisfaction

Sourcing foreign inputs to improve firm performance

Maria Bas, Vanessa Strauss-Kahn, 14 July 2014



Should trade policy fight or promote imports of intermediate inputs? While several studies have shown the recent increase in imports of intermediate goods, their role in shaping domestic economies is not yet completely understood. Following the work of Feenstra and Hanson (1996), a large literature focuses on the impact of imported intermediate inputs on employment and inequality.

Topics: International trade
Tags: employment, exports, global value chains, imports, Inequality, Intermediate inputs, outsourcing, productivity, trade, wages

DynEmp: New cross-country evidence on the role of young firms in job creation, growth, and innovation

Chiara Criscuolo, Peter N. Gal, Carlo Menon, 26 May 2014



Since well before the crisis, many OECD economies have been confronted with sluggish productivity growth. In the aftermath of the crisis, job creation has also stalled and has become an important policy issue. Business dynamics are at the core of the creative destruction process.

Topics: Labour markets, Productivity and Innovation
Tags: business cycles, employment, firms, growth, job creation, OECD, R&D, start-ups

Firm age, investment opportunities, and job creation

Manuel Adelino, Song Ma, David Robinson, 12 February 2014



Economists have long been concerned with understanding how firms respond to changing investment opportunities. Indeed, this question is central to ongoing policy discussions about economic growth and job creation, since the way firms create jobs is by increasing investment and employment in response to new economic opportunities.

Topics: Financial markets, Labour markets, Productivity and Innovation
Tags: employment, entrepreneurship, firm age, growth, job creation, US

Minimum wages: the effects on employment and labour-force turnover

Pierre Brochu, David A Green, 22 January 2014



On 14 January 2014 a group of 75 economists, including seven Nobel laureates, released a letter calling for an increase in the US minimum wage (Woellert 2014). At the same time, George Osborne, the Conservative Chancellor of the Exchequer in the UK, has called for the minimum wage in that country to rise by more than the rate of inflation this year (BBC 2014).

Topics: Labour markets
Tags: employment, Labour Markets, minimum wage

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.

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

Confronting the jobs crisis under tight fiscal constraints

Benedict Clements, Ruud de Mooij, Gerd Schwartz, 9 September 2012



The economic and social consequences of job losses since the onset of the global crisis have been enormous, as Ben Bernanke recently pointed out (Bernanke 2012). Unemployment rates have soared to an average of 11% in the Eurozone in mid-2012, and youth unemployment has reached alarming levels in many places, exceeding 50% in Greece and Spain.

Topics: Macroeconomic policy
Tags: austerity, employment, fiscal policy, jobs

Vocational education facilitates entry into the labour market but hurts employment at older ages

Eric Hanushek, Ludger Woessmann, Lei Zhang, 21 November 2011



Responding in part to the economic downturn, the European Commission (2010) recently issued the Bruges Communiqué that called for enhanced vocational education and training (VET). It argued: “If Europe is to maintain its position as the strongest exporter of industrial products in the world, it must have world class VET.

Topics: Labour markets
Tags: employment, general education, vocational education

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

Pierre Cahuc, Stéphane Carcillo, 24 January 2011

 Vox users can download CEPR Discussion Paper 8214 for free here.

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, Welfare state and social Europe
Tags: employment, short-time work compensation and unemployment

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