Even though the profound scars of the Great Recession are still visible in many countries, employment levels are now higher than they were before the crisis started in 2008; the share of individuals actually participating in the labour market is also at its highest level ever, reflecting both increased dynamism in our societies and the effect of policies that have reduced disincentives to work.
Still, much remains to be done. 23  24  25  26  28  29  Cahuc, P., Kramarz, F. and Nevoux, S. (2018), ‘Short-Time Work and Employment in the Great Recession in France’. Cestone, G., Fumagalli, C., Kramarz, F. and Pica, G. (2018), ‘Insurance Between Firms: The Role of Internal Labor Markets’.