Job creation involves a lot more than introducing a few labor market reforms
Pastor Bodmer, Alfredo
Date: First Quarter 2012
Tags: labor reform, jobless recovery, job polarization, job creation, unemployment
The United States, which is not overly constrained by labor market rigidity, and many European countries, where some reforms have already been implemented, are witnessing two phenomena – the “jobless recovery” and polarization of the labor market – which would appear to run deeper than the scope of any obvious reforms.