We estimate trends in the labor force participation (LFP) and unemployment rates for demographic groups differentiated … group trends, we construct trends for the aggregate LFP and unemployment rate. Important drivers of the aggregate LFP rate …. The aggregate unemployment rate trend on the other hand is almost exclusively driven by demographic factors, with about …

We construct a simple general equilibrium model of unemployment and calibrate it to the Canadian economy. Job creation …-run increase in the Canadian unemployment rate: a more generous unemployment insurance system, higher layoff costs, higher … on the unemployment rate is small …

We construct a simple general equilibrium model of unemployment and calibrate it to the Canadian economy. Job creation …-run increase in the Canadian unemployment rate: a more generous unemployment insurance system, higher layoff costs, higher … on the unemployment rate is small …

Unemployment and labor force participation (LFP) are usually negatively correlated over the business cycle, that is …, once the unemployment rate starts to decline the LFP rate starts to increase after about half a year. Using gross flow data … on labor market transitions, we show that this cyclical co-movement pattern between the unemployment rate and the LFP …

We estimate trends in the labor force participation (LFP) and unemployment rates for demographic groups differentiated … group trends, we construct trends for the aggregate LFP and unemployment rate. Important drivers of the aggregate LFP rate … aggregate unemployment rate trend on the other hand is almost exclusively driven by demographic factors, with about equal …