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Labor and Unemployment

Essential Reading from the Institute

Working Paper 14-6: Wages and Labor Market Slack: Making the Dual Mandate Operational [pdf]
by David G. Blanchflower, Peterson Institute for International Economics
and Adam S. Posen, Peterson Institute for International Economics
September 2014

Peterson Perspective: Why Wage Rates are Stagnating Despite Falling Unemployment [pdf]
by David G. Blanchflower, Peterson Institute for International Economics
David G. Blanchflower discusses his research with Adam S. Posen demonstrating that lower jobless rates are masking the problem of people outside the official labor force who are still looking for work.
September 23, 2014

Op-ed: Wages Fall as the Mystery of the British and American Job Markets Gets Deeper Still
by David G. Blanchflower, Peterson Institute for International Economics
Op-ed in the Independent
September 22, 2014

Op-ed: Keep Rates Low until the Hidden Jobless Return to Work
by Adam S. Posen, Peterson Institute for International Economics
Op-ed in the Financial Times
August 19, 2014

Peterson Perspective: Is Unemployment Worse than It Appears? [pdf]
by William R. Cline, Peterson Institute for International Economics
William R. Cline says the decline in labor participation, which some say has occurred because workers are discouraged from seeking jobs, is largely due to the retirement of the "baby boom" generation.
July 31, 2014

Working Paper 14-4: Demographic versus Cyclical Influences on US Labor Force Participation [pdf]
by William R. Cline, Peterson Institute for International Economics
and Jared Nolan, Peterson Institute for International Economics
July 2014

Working Paper 14-2: Labor Market Slack in the United Kingdom [pdf]
by David N. F. Bell, University of Stirling, Scotland
and David G. Blanchflower, Peterson Institute for International Economics
July 2014

Policy Brief 14-3: Income Inequality Developments in the Great Recession [pdf]
by Tomas Hellebrandt, Peterson Institute for International Economics
January 2014

Policy Brief 14-1: Making Labor Market Reforms Work for Everyone: Lessons from Germany [pdf]
by Jacob Funk Kirkegaard, Peterson Institute for International Economics
January 2014