Re-evaluating labor market dynamics.

A symposium ponsored by The Federal Reserve Bank of Kansas City. Jackson Hole, Wyo. Aug. 21-23, 2014.

Foreword / Esther L. George, vii -- Introduction / Troy Davig, xxi -- The Moderators / Peter Blair Henry, Christina D. Romer, 1 -- Opening remarks / Janet L. Yellen, 1 -- Labor market fluidity and economic performance / Steven J. Davis, John Haltiwanger, 17 -- Commentary / Richard Rogerson, 109 -- General Discussion, 119 -- Polanyi's paradox and the shape of employment growth / David H. Autor, 129 -- Commentary / Lisa M. Lynch, 179 -- General Discussion, 193 -- China's demographic change in comparative perspective: implications for labor markets and sustainable development / Karen Eggleston, 203 -- The demography of the labor force in emerging markets / David Lam, 233 -- How population aging affects the macroeconomy / Ronald Lee, 261 -- General Discussion, 285 -- Luncheon address: unemployment in the euro area / Mario Drag Hi, 295 -- General Discussion, 313 -- Long-term nonemployment and job displacement / Till Von Wachter, 315 -- Commentary / Anton Ella Trigari, 389 -- General Discussion, 411 -- What is natural about unemployment?: policy sources and implications of labor market rigidities / Giuseppe Bertola, 421 -- Commentary / Mark Bils, 461 -- General Discussion, 475 -- Unemployment and the conduct of monetary policy in the U.K. / Ben Broadbent, 485 -- Deflation, the labor market and QQE / Haruhiko Kuroda, 503 -- Labor markets and monetary policy-some comments in light of the Brazilian Experience / Alexandre Antonio Tombini,513 -- General Discussion, 527 -- The Participants, 545.