In what the authors name 'a first pass through the data', McMillan et al. (2014) have recently addressed the question: what determines the magnitude of growth-enhancing structural change - defined as gains to average labor productivity resulting from a reallocation of labor across sectors? This...

The Great Recession that began in 2008–2009 dramatically increased youth unemployment. But did it have long-lasting, adverse effects on the careers of youths? Are cohorts that graduate during a recession doomed to fall permanently behind those that graduate at other times? Are the impacts...

The Great Recession that began in 2008-2009 dramatically increased youth unemployment. But did it have long-lasting, adverse effects on the careers of youths? Are cohorts that graduate during a recession doomed to fall permanently behind those that graduate at other times? Are the impacts...