Three years after the official end of the 'Great Recession', millions of workers across advanced economies remain unemployed. The US and UK unemployment rates remain above 8%; among Eurozone countries, unemployment exceeds 10% (US Bureau of Labor Statistics).
Why the jobs problem is not going away
Richard Dobbs, Anu Madgavkar, 19 September 2012
Exploiting the enemy: The economic contribution of prisoner of war labour to Nazi Germany during WWII
Johann Custodis, 18 September 2012
The subject of foreign and forced labour exploitation by the Third Reich is not one of meagre proportions. More than 14 million forced labourers passed through the Reich from 1939 to 1945, of whom 4.6 million had been prisoners of war (POWs).
Artistic labour and occupational choice in Baroque painting
Federico Etro, 23 December 2011
Exhibit 1. Caravaggio, The Fortune Teller, Paris, Louvre Museum ©
Making globalisation work for workers
Sascha O Becker, Marion Jansen, Marc Muendler, 1 October 2011
On 23-24 June 2011, the ILO hosted a conference co-sponsored by CESifo, EFIGE, ILO and the World Bank and organised by the three of us. The conference featured frontier research into globalisation and labour markets. Keynote presentations were given by Elhanan Helpman (Harvard University) and David Autor (MIT).
Demographic pressure versus labour market space: A global view
Marga Peeters, Loek Groot, 2 August 2011
Economists tend to study the problem of ageing in the developed countries in terms of rising old-age dependency ratios, which express the increasing higher number of pensioners for every working-age person. We can also apply the same reasoning to the young, where rising young-age dependency ratios in developing countries by definition implies more youngsters for every person of working age.
Do highly skilled migrants return permanently to their home countries?
Patrick Gaulé, 14 December 2010
Many countries are concerned about losing their best scientists, engineers, and other skilled workers to emigration to foreign countries and the US in particular. It is plainly the case that many skilled workers cross national borders. The evidence regarding the brain drain from Europe to the US is surveyed in Saint-Paul (2008).
Titian, Veronese, Caravaggio and their rivals: Evidence of competition in the market for altarpieces of the 17th century
Federico Etro, 4 November 2010
Art is often perceived, and sometimes defined, as handmade work that is valuable independently of its objective features and is the fruit of pure talent and inspiration independent from monetary and contractual incentives. This emphasis on the invaluable is even more pronounced for religious paintings by old masters as Titian, Veronese, or Caravaggio.
Immigration and productive tasks: Can immigrant workers benefit native workers?
Francesco D'Amuri, Giovanni Peri, 31 October 2010
Despite popular belief, often based on anecdotes and bodged analysis, there is hardly any evidence that immigrant workers have a negative effect on the wages of native workers (see for instance Card 2009 and Glitz 2007) or that they crowd-out other jobs in the US (Card and Di Nardo 2000) or Europe.
Can gender differences in competition explain the achievement gap?
Christopher Cotton, Frank McIntyre, Joseph Price, 21 October 2010
Last week the World Economic Forum released its Global Gender Gap Report (Hausmann et al. 2010). As expected, the data in the report illustrates a significant and persistent pay and achievement gap between males and females around the world.
A brief guide to hiring PhD economists
Goran Mišković, Raphael Auer, Jason Wildhagen, 15 October 2010
Since market clearing is essential to economic analysis and because the design of market-clearing mechanisms is a large field of this science, one might assume that the market for economists is among the most structured and orderly of all.
- Fiscal consolidation: At what speed?Blanchard, Leigh
- Public debt and economic growth, one more timePanizza, Presbitero
- Escaping liquidity traps: Lessons from the UK’s 1930s escapeCrafts
- The lessons of the North Atlantic crisis for economic theory and policyStiglitz
- Rethinking macroeconomic policyBlanchard
- 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
- Debt, deleveraging, and the liquidity trap: A new modelKrugman
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
Reichlin, Baldwin, 14 April 2013
Reichlin, Turner, Woodford