Standard models suggest that adverse labor demand shocks will lead to bigger employment losses if institutional factors … explains the contrast between the United States, where real wages fell over the 1980s and aggregate employment expanded … vigorously, and Europe, where real wages were (roughly) constant and employment was stagnant. We test this hypothesis by …

greater flexibility in wages, these two countries also exhibit more stable employment behavior over the business cycle. In …

other countries. However, these policies also appear to encourage part-time work and employment in lower level positions: US …

International Adult Literacy Survey we find that employment of skilled to unskilled labour is unrelated to differences in skill … premium but that changes in relative employment are related to changes in relative wages raising the possibility of some … substitution behavior. Still, the differing dispersion of wages is not a major contributor to differences in employment rates. The …

European countries exhibit significant differences in employment rates of adult males. Differences in labor … migrants to isolate the effect of culturally transmitted labor-leisure preferences on individual employment rates. If migrants … about 24% of the top-bottom variation in employment rates across European countries …