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The literature on labor economics has been growing in the last fifteen years. The observed heterogeneity among OECD countries puts emphasis on the employment incidence of unemployment benefits, labor taxes and so on. Recent works stress the primary role of these institutions when the economies face macroeconomic shocks. New analytical frameworks also take into account the different aspects of labor market heterogeneity (sectoral shift, human capital, age discrimination...).
The aim of this conference is to show the role played by institutions and the consequences of macroeconomic shocks in explaining labor market differences between European countries and the US. It is particularly concerned with modelling and assessing the main mechanisms at work behind these heterogeneous labor market outcomes.