Survey (LFS) to construct worker transition rates across employment, unemployment, and inactivity. Our approach involves … of job search from inactivity compared to unemployment. This factor provides enough structure to prevent arbitrary … splitting of unemployment outflows between employment and inactivity. In turn, the estimated job search factor can be used in a …

document how worker flows between employment, unemployment, and out of the labor force vary by gender and age and contribute to …

This paper provides a unified account of the trends in unemployment and labor force participation pertaining to the … institutions in ways that deteriorate employment. The model explains simultaneously: (i) the fall in labor force participation in … the United States, (ii) the similar but more pronounced decline in Europe alongside rising unemployment rates and (iii …

depreciation upon job loss—and its interaction with labor market institutions. We have three main results, based on a life … between turbulence and institutions explains most of the reduction in labor force participation among older workers in Europe … over this period, but ultimately explains little of the rise in unemployment. Third, only a small share of the increase in …

reverse transition probability. We compare the dynamics of unemployment and involuntary part-time employment to argue that … they reflect the operation of distinct labor-adjustment channels. While unemployment dynamics are driven by movements in …

unemployment. Spells of involuntary part-time work are different from unemployment spells: a full-time worker who takes on a part … unemployment risk alongside an additional risk of involuntary part-time employment. A calibration of the model consistent with U ….S. institutions and labour market dynamics shows that involuntary part-time work generates lower welfare losses relative to …