Using panel data for 15 industrial countries, active labor market policies (ALMPs) are shown to have raised employment … variables. Among such policies, direct subsidies to job creation were the most effective. ALMPs also affected employment rates …

returned to previous levels within a few quarters. Consequently, the total loss in employment caused by the rise in mismatch … preferences amid strong labor demand are more prominent explanations for the persistent employment shortfall vis-à-vis pre …

regulatory changes that promote competition and facilitate flexible forms of employment, comes through the productivity …-side channel-capital accumulation, labor utilization, and total factor productivity, proxied with an efficiency estimate …/efficiency channel. Pro-competition regulation also improves labor utilization, while lower entry barriers and trade tariffs are …

Slow productivity growth has plagued the euro area since the mid-1990s. That is particularly striking in view of the … large productivity gains in the United States during the same period. This paper shows that the deceleration in labor … productivity in the euro area was caused by structural changes in wage formation that have affected the relative price of labor …

We evaluate the direct employment effect of the public investment in key infrastructure—electricity, roads, schools and … in R&D in OECD countries. Green investment and investment with a larger R&D component deliver higher employment effect … through its direct employment effects alone …

behavior of sectoral employment, formal credit, and the main macroeconomic aggregates in emerging economies. We show that a … consumption and output volatility, but generates larger unemployment fluctuations in response to productivity shocks; the same …