Keeping Cyclical Unemployment from Becoming Structural Inequality
David G. Blanchflower, Peterson Institute
Tomas Hellebrandt, Peterson Institute
Jacob Funk Kirkegaard, Peterson Institute
Peterson Institute for International Economics, Washington, DC
November 5, 2013
At a time of mounting worldwide concern about economic inequality, the Peterson Institute held a session on the challenges to labor markets in the United States and around the globe posed by the Great Recession. David G. Blanchflower compared the UK and US experiences in creating jobs and confronting structural unemployment, Tomas Hellebrandt presented important new findings showing how the recent downturn and resulting rise in joblessness has affected income inequality, and Jacob Funk Kirkegaard discussed how labor market reforms in Germany have increased employment and labor force participation without adverse inequality effects.