When short-time work works

Pierre Cahuc, Francis Kramarz, Sandra Nevoux. Short-time work programmes aim to preserve jobs at firms that are experiencing temporarily low revenues, for example during a recession. This column assesses how the short-time work programme implemented in France during the Great   […]

Unemployment: An advanced economy problem?

Ying Feng, David Lagakos, James Rauch. A new data set based on household surveys shows that unemployment is largely a feature of advanced economies, particularly for low-skill workers. Studies of differences in average unemployment rates across countries have focused almost entirely on comparisons   […]

Intergenerational mobility across the world: Where socioeconomic status of parents matters the most (and least)

Ambar Narayan, Roy Van der Weide. Intergenerational mobility is important for both fairness and economic efficiency in a society. This column uses data from a new global study spanning five decades to show that average relative mobility is lower in   […]

Why have employment rates in the US lagged other countries?

Jason Furman, Wilson Powell. The fraction of Americans employed fell between 2007 and 2017, while employment rates rose in 13 of 29 advanced economies in the same period despite these countries also facing a similar headwind of an ageing population. In this   […]

The role of gender in employment polarisation

Fabio Cerina, Alessio Moro, Michelle Rendall. The polarisation of employment by skill level is a phenomenon that has emerged in several industrialised economies in the last decades. This column argues that a substantial fraction of the phenomenon in the US   […]

Tax evasion and inequality

Annette Alstadsæter, Niels Johannesen, Gabriel Zucman. Tax records are often used to gauge the concentration of wealth and income in a society. However, if the rich dodge taxes more than the poor, tax records will underestimate inequality. This column uses   […]

It may get worse before it gets better: The short-term employment consequences of structural reforms

Andrea Bassanini, Federico Cingano. Structural reforms can trigger and sustain economic growth, but they can also present transitory costs that policymakers seek to avoid during economic downturns. This column analyses the short-term response of employment levels to product and labour   […]

On the link between US pay and productivity

Anna Stansbury, Lawrence Summers. Since 1973, there has been divergence between labour productivity and the typical worker’s pay in the US as productivity has continued to grow strongly and growth in average compensation has slowed substantially. This column explores the causes   […]

The gender unemployment gap

Stefania Albanesi, Aysegul Sahin. The gender unemployment gap which had persisted in the US until the early 1980s disappeared after 1983 (except during recessions, when unemployment among men has always exceeded that among women). This column argues that the convergence   […]

German wages, the Phillips curve and migration in the euro area

Guntram Wolff. This post studies why wages in Germany have not borne strong increases despite a relatively strong labour market. I list four reasons why announcing the death of the Phillips curve – the negative relationship between unemployment and wage   […]