Output and unemployment developments in the OECD since the onset of the Great Recession
A number of OECD countries experienced persistent deviations of unemployment from the pre-crisis NAIRU
Declines in productivity, working time and participation dampened the impact on unemployment
Lower labour productivity growth translated into lower real wage growth
Persistent increases in long-term and youth unemployment
The role of labour market policies and institutions for labour market resilience
The role of collective bargaining arrangements for firm-level adjustments to the Great Recession
Government spending stabilises aggregate demand during economic downturns
Government spending reduces unemployment during economic downturns
Government spending reduces long-term unemployment during economic downturns
Strict employment protection provisions for regular workers tended to reduce resilience
Automatic fiscal stabilisers contributed to labour market resilience
The responsiveness of spending on labour market programmes to changes in unemployment