Frontmatter

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Title page

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Copyright page

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Contents

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p. v

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Foreword: What Happened to Shared Prosperity and Full Employment and How to Get Them Back: A Seussian Perspective

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p. vii

The conference “Reconnecting to Work” was held on April 1–2, 2011, as the United States suffered its worst job market since the Great Depression. Reconnecting to work, indeed! With 9–10 percent unemployment and little sign...

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1 - Introduction

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pp. 1-16

The Great Recession, the worst economic downturn since the Great Depression, was like none other in most of our lifetimes. No other recession in recent history has had comparable job losses. The second-worst recession, in 1981–1982, saw a drop of 2.8 million jobs, or 3.1 percent of payroll employment...

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2 - Job Displacements in Recessions: An Overview of Long-Term Consequences and Policy Options

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pp. 17-36

As the U.S. economy continues to recover from the Great Recession, an important unknown is the fate of the millions of workers affected by layoffs and lengthening spells of unemployment. This chapter focuses on the short- and long-term consequences of layoffs and unemployment for affected workers...

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3 - Labor market Policy in the Great Recession: Lessons from Denmark and Germany

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pp. 37-62

The Great Recession started in the United States, but it quickly spread to the rest of the world. Although some countries fared even worse than the United States, many have weathered the crisis better. This chapter reviews the experience of 21 rich countries that are all members of the Organisation...

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4 - Causality in the Relationship between Mental Health and Unemployment

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pp. 63-94

Unemployment is costly to society and individuals. Fifty years ago economist Arthur Okun (1962) demonstrated that for the United States in the postwar period, a 1 percent increase in the unemployment rate is associated with a 3 percent decline in gross national product. Subsequent work (Moosa 1997) revealed...

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5 - Work Together to Let Everyone Work: A Study of the Cooperative Placemennt Effort in the Netherlands

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pp. 95-112

“We work together to let everyone work.” That was the message in November 2010 when a number of employers and governmental organizations in the Netherlands publicly announced that they would cooperate with each other in order to let as many people participate in paid jobs as possible. From both...

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6 - Stabilizing Employment: The Role of Short-Time Compensation

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pp. 113-136

One response to the Great Recession of 2008–2009 in several economies of the Organisation of Economic Co-operation and Development (OECD) was increased reliance on short-time compensation (STC) and other work-sharing arrangements that temporarily reduce weekly hours to ease labor market dislocations...

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7 - Labor Market Measures in the Crisis and the Convergence of Social Models

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pp. 137-166

Following the GDP decreases resulting from the severe economic crisis, EU member states experienced, each to a different extent, higher levels of unemployment. However, the implementation of so-called anticrisis measures limited such increases in unemployment—in some cases they were not...

Index

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pp. 167-168

About the Institute

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pp. 169-178