After peaking around the year 2000, the Labor Force Participation Rate (LFPR) of Americans
declined substantially. The weakening in LFPR was faster after the financial crisis of 2007 …

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 …

The gender unemployment gap, the difference between female and male unemployment
rates, was positive until the early 1980s. This gap disappeared after 1983, except during …

This paper reviews the literature on the informal economy, focusing first on empirical
findings and then on existing approaches to modeling informality within both partial and …

This article aims to estimate the size of the US shadow economy (SE) using a structural
equation approach and to evaluate if a structural relationship exists between the SE and the …

Modern information technologies allowing information cross-checking coming from different
administrative sources and to quickly buildup and update inventories of bank accounts …

Propagation in equilibrium models of search unemployment is altered when vacancy costs
require some external financing on frictional credit markets. The easing of financing …

The sustainability of welfare states requires high employment and high participation to raise
the tax base. To analyze labor supply in a world with market frictions, we propose and solve …

How can public pension systems be reformed to ensure fiscal stability in the face of
increasing life expectancy? To address this question, we use micro data to estimate a …

In middle-income countries, the informal sector often accounts for a substantial fraction of the
urban labor force. We develop a general equilibrium model with matching frictions in the …