Unemployment insurance systems include monitoring of unemployed workers and punitive sanctions if job search …-2004. We estimate duration models dealing with selection on unobservables. We use weighted exogenous sampling maximum …

This paper examines the depth and duration of the slump that invariably follows severe financial crises, which tend to … employment. The unemployment rate rises an average of 7 percentage points over the down phase of the cycle, which lasts on … average over four years. Output falls an average of over 9 percent, although the duration of the downturn is considerably …

labour market states: self-employment, employment, and unemployment. This enables us to assess the effects of changes in … unobservable individual heterogeneity, duration dependence, lagged duration dependence and state dependence. Three main results are … obtained. First, the aggregated unemployment rate is found to have a positive effect on the probability of becoming self …

mandated unemployment insurance (UI) and employment protection (EP). To illuminate the forces in these models, we study how UI … higher layoff taxes suppress frictional unemployment in less turbulent times, prevails in the models with labour market … impossible to include generous government-supplied unemployment insurance in that model without getting the unrealistic result …

In Portugal real wage flexibility, at the macroeconomic level, is noticeably higher, while unemployment duration is … lower, when compared to Spain. This suggests that the hardship of being unemployed is higher in Portugal. Unemployment … benefits and family insurance, which are the main buffer against unemployment and have played different roles in both countries …

Differences in regional unemployment in post-communist economies are large and persistent. We show that inherited … variation in human-capital endowment across the regions of four such economies explains the bulk of regional unemployment … pattern, which helps explain the lack of convergence in regional unemployment rates, is consistent with the presence of …

We develop a general equilibrium analysis of the impact of active labour market policy on unemployment, wages and the … employed have little exposure to unemployment and if the demand for unskilled labour is inelastic, there may be political … support for policies which actually raise the equilibrium level of total unemployment. …

between corporate spreads and Treasury rates provide evidence on duration and find that the endogenous model explains the …