Scarpetta, Stefano, Keese, Mark, Swaim, Paul, (2016), “Back in work, still out of pocket: Labour market recovery since the Great Recession”, Voxeu, 25 July
The labour market recovery in OECD countries has been steady but slow since the Great Recession. More worrying is the fate of wage growth over the same period. This column assesses the implications of stagnation in the labour market for growth, wages, and inequality. It finds that structural weaknesses in labour market performance have become more visible as markets recover from the Great Recession. The policy response must include macroeconomic policies aimed at strengthening investment, and structural policies to support growth while nudging workers towards higher-skilled jobs.
Relevant Posts
- De Groen, Willem Pieter, Maselli, Ilaria, (2016), “The Impact of the Collaborative Economy on the Labour Market”, CEPS, 3 June
- Koukiadaki, Aristea, Távora, Isabel, Lucio,Miguel Martínez, (2016), “Structural Labour Market Reforms And The Collective Bargaining Landscape In Europe”, Social Europe, 26 Αprl