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 …

variables while it is uncorrelated with life satisfaction. The unemployment rate and the CPI reduce both. We analyze data for 29 … European countries to predict changes in the unemployment rate 12 months ahead using individuals' fears of unemployment in the … presence of country and year fixed effects and lagged unemployment. We also use firms' expectations of future employment, which …

workers are unemployed. Both the reemployment hazard rate and reemployment earnings steadily fall with unemployment duration …

positive effects of urbanization depend on the skilled and unskilled working together, a form of integration that is more …

What sparked humanity's leap from stagnation to prosperity? What lies at the core of inequality among nations? Unified … of change that have governed the journey of humanity, driven the growth process, and shaped inequality across the globe … stagnation; and (ii) The Mystery of Inequality--the roots of the vast inequality in the wealth of nations. The theory suggests …

My research suggests that world inequality is explained by the incidence of extractive and inclusive institutions. But …