Most economists maintain that the labor market in the United States is 'tight' because unemployment rates are low. They …, prior to that, real wages had been stagnant for some time. We show that unemployment is not key to understanding wage … formation in the USA and hasn't been since the Great Recession. Instead, we show rates of under-employment (the percentage of …

not the case. Although unemployment is low, the labor market is not 'tight'. On the contrary, we show that what matters … for wage growth are the non-employment rate and the under-employment rate. Both are high and act as brakes on wage growth …

effects and lagged unemployment. We also use industrial firm's expectations of future employment, which are also predictive of …Unemployment is notoriously difficult to predict. In previous studies, once country and year fixed effects are added to … panel estimates, few variables predict changes in unemployment rates. Using panel data for 29 European countries collected …

beyond examining only employment and wages and explore the effects of family background, education and training, social … expectations, and crime on youth employment. This volume brings together key studies, providing detailed analyses of …

A historically high level of youth unemployment presents Greece with a huge social and economic challenge. This paper …