unemployment fluctuations. We use worker-level data from the CPS to measure the sensitivity of wages of newly hired workers to …

unemployment and labor market segmentation. I use an efficiency wage model in which the firm's choice of contracts and the renewal … higher the firing costs of permanent contracts are. Introducing fixed-term contracts can imply higher unemployment even in a …

unemployment. The standard model can generate sufficiently large cyclical fluctuations in unemployment, or a sufficiently small … response of unemployment to labor market policies, but it cannot do both. Variable search and separation, finite UI benefit …

Existing models of equilibrium unemployment with endogenous labor market participation are complex, generate … procyclical unemployment rates and cannot match unemployment variability relative to GDP. We embed endogenous participation in a … variabilities but also generates strongly countercyclical unemployment rates. With some wage rigidity the model also matches …

We construct and calibrate a general equilibrium business cycle model with unemployment and precautionary saving. We …' income riskier, both by increasing the unconditional probability of unusually long unemployment spells, and by making wages … fiscal policy offsets the cycle, holding unemployment benefits constant but varying the tax rate procyclically to smooth …

distribution of firm characteristics, sorting patterns between firms and workers, and unemployment rates that can help explaining …

We propose a new econometric estimation method for analyzing the probability of leaving unemployment using uncompleted … unemployment between the 1980s and 1990s during a period of labor market reform. We found that the relative probability of leaving … unemployment of the short-term unemployed versus the long-term unemployed becomes significantly higher in the 1990s. …

education groups, and the increase in unemployment at all levels of education. In contrast, in previous literature this type of … overeducation is key to understand the response of unemployment to the technology shock. …

frictions on the timing of births, the fertility rate, and the labor market participation of females. We find that unemployment … with a high unemployment rate are characterized by a low fertility rate, female participation, and female employment ratio …. We also find that in our framework, differences in unemployment rates similar to the ones observed among O …

We estimate and report life-cycle transition probabilities between employment, unemployment and inactivity for male and … explaining the life-cycle profiles of participation and unemployment rates using a novel decomposition method. A key robust … finding is that most differences in participation and unemployment over the life-cycle can be attributed to the probability of …