Based on a survey of the literature, assesses the strength of the evidence regarding the effects of labour market institutions and regulations on unemployment. Considers the effects of employment protection, trade union density, bargaining coordination, unemployment benefits, the labour tax...

How bad could recession get? These two economists use the last three recessions to come up with the range of possibilities. Here is what could happen.

A rapidly expanding empirical literature has addressed the widely accepted claim that employment-unfriendly labor market institutions explain the pattern of unemployment across countries. The main culprits are held to be protective institutions, namely unemployment benefit entitlements,...

The conventional wisdom in the United States is that the European model is failing. There are not enough jobs for those who want them. But these two economists paint a different pictureâin fact, an eyeopening one.

We are by no mean out of the woods yet. How much help does the economy need? Here is a comprehensive plan for action.

Even today, some observers insist the economy cannot be so bad if the unemployment rate is still below levels reached in 1982. But, in fact, the labor force is on average much older now, and that should mean more people are working. If we adjust the labor force for age, how are we faring? These...

Jobs will be the theme of this election season. The Congressional Budget Office estimates that unemployment will not fall to acceptable levels for years. But how much will be lost in lower or forgone wages? The toll, as calculated by John Schmitt and Dean Baker, is shocking.