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19 December 2014

Unemployment in the Great Recession: A Comparison of Germany, Canada and the United States

Unemployment rates did not change substantially in Germany, increased and remained relatively high in the United States, and increased moderately in Canada during and after the Great Recession of 2008-09. Florian Hoffmann and Thomas Lemieux offer two explanations for the weaker performance of the U.S. labor market: large employment swings in U.S. housing construction and a much greater drop in U.S. GDP compared with Germany.

18 December 2014

Are Public Sector Jobs Recession-Proof? Were They Ever?

In both recessionary and non-recessionary periods, the probability of job loss is higher for private sector workers than for public employees, Jason L. Kopelman and Harvey S. Rosen find. The probability of displacement for private sector workers increased during both the Great Recession and earlier recessions studied, while in the public sector job loss rates sometimes increased and sometimes decreased, and varied among federal, state, and local governments.

17 December 2014

How Does Tax Progressivity and Household Heterogeneity Affect Laffer Curves?

Hans A. Holter, Dirk Krueger, and Serhiy Stepanchuk characterize the labor income tax Laffer curve under the current choice of progressivity of the labor income tax code as well as under varying progressivities. They find that more-progressive labor income taxes significantly reduce tax revenues.
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