insight into the problem by examining the determinants of transitions between non-employment (or unemployment) and employment …

Recent work has demonstrated that existing solutions of the unemployment volatility puzzle are at odds with the …. Our model reproduces the observed fluctuations in unemployment because hiring a worker is a risky investment with long … therefore greatly declines, leading to a large decrease in job vacancies and an increase in unemployment of the same magnitude …

Most data used to study the durations of unemployment spells come from the Current Population Survey, which is a point … unemployment spells obtained from panel data and apply CPS sampling and reporting techniques to replicate the type of data used by … distribution. We conclude that the best inferences that can be made about unemployment durations using CPS-like data are seriously …

employment growth rates across sectors (G) and the unemployment rate implies that shifts in demand from some sectors to others … are responsible for a substantial fraction of cyclical variation in unemployment. This paper demonstrates that, under … the unemployment rate. Two tests are developed which permit one to distinquish between a pure sectoral shift …

considerably lower wages. At the same time, the data provide no evidence that early unemployment sets off a vicious cycle of … recurrent unemployment. The reduced employment effects die off very quickly. What appears to persist are effects of lost work …

Recent critiques have demonstrated that existing attempts to account for the unemployment volatility puzzle of search … reproduces the observed fluctuations in unemployment because hiring a worker is a risky investment with long-duration surplus … benefit from creating new matches greatly drops, leading to a large decline in job vacancies and an increase in unemployment …