From the perspective of a wide range of labor market outcomes, the recession that began in
2007 represents the deepest downturn in the postwar era. Early on, the nature of labor …

Germany experienced an even deeper fall in GDP in the Great Recession than the United
States, with little employment loss. Employers' reticence to hire in the preceding expansion …

Conventional analyses of labor market fluctuations ascribe a minor role to labor force
participation. We show, by contrast, that flows-based analyses imply that the participation …

We provide new evidence on how labor market dynamics vary with development. We build a
new data set consisting of harmonized microdata from rotating panel labor force surveys …

We examine the degree of market power in the big four countries of the euro area using
macro and firm-micro data. We focus on three main indicators of market power in and across …

Background Return migration, the process of migrants returning to their countries of origin, is
a vital aspect of migration that has received growing attention in recent years. One area of …

Important progress has been made in economists' understanding of the Beveridge curve,
from its measurement to its expression in canonical labor market models. Yet enduring …

In 2003–05 the German government implemented a number of far-reaching labor market
reforms, the so-called Hartz reforms. At the heart of the reform package was the Hartz IV law …

This chapter assesses how models with search frictions have shaped our understanding of
aggregate labor market outcomes in two contexts: business cycle fluctuations and long-run …

The US unemployment rate has remained stubbornly high since the 2007–2009 recession,
leading some observers to conclude that structural rather than cyclical factors are to blame …