Insuring labour income shocks: The role of the dynasty
Beyond government and market-based insurance, the family remains a key institution for coping with economic risk. This column uses detailed Norwegian data to study how
How to manage migration in an ageing country
With working-age populations projected to decline rapidly, all European countries face an unprecedented demographic challenge. Inflows of regular foreign workers are thus key to support
Revisiting the consequences of job displacement
Decades of research have confirmed that job displacement causes significant and persistent earnings losses. This column presents new evidence from workers displaced during firm closures
Services trade and environmental sustainability
There is growing recognition that the specific characteristics of services sectors and services trade have important environmental implications. For example, services trade can foster technological
The rise and retreat of US inflation: An update
During the pandemic, annual CPI inflation in the US rose sharply to a peak of 9% in June 2022. This column argues that the rise
