“...Over the past two decades, technological progress in the United States has been biased toward skilled labor. What does this imply for business cycles? We...”

“...Estimates of the effect of education on GDP (the social return) have been hard to reconcile with micro evidence on the private return to schooling. We present...”

“...Abstract We document two changes in postwar US macroeconomic dynamics: the procyclicality of labour productivity vanished, and the relative volatility of...”

“...•The common assumption that all workers are equally employable is unrealistic.•Relaxing the assumption maintains positive predictions but changes welfare...”

“...Abstract We investigate unemployment due to mismatch in the United States over the past three and a half decades. We propose an accounting framework that...”

“...Experiences during the Great Recession support the view that the UK labor market is relatively flexible. Unemployment rose less and recovered faster than in...”

“...Using new quarterly data for hours worked in OECD countries, Ohanian and Raffo (2011) argue that in many OECD countries, particularly in Europe, hours per...”