Unemployment insurance systems include monitoring of unemployed workers and punitive sanctions if job search …

This paper develops a theory characterizing the effects of fiscal policy on unemployment over the business cycle. The … theory is based on a model of equilibrium unemployment in which jobs are rationed in recessions. Fiscal policy in the form of … government spending on public-sector jobs reduces unemployment, especially during recessions: the fiscal multiplier …

This paper examines the relation between individual unemployment durations and incidence on the one hand, and the time … currently unemployed. We also allow for the composition of the inflow into unemployment to depend on calendar time at the moment … aggregate unemployment duration data, in which we allow for unobserved heterogeneity and correlated measurement errors. We do …

France, Germany, the United Kingdom and the United States - which any theory of unemployment ought to explain. The … business cycles. Key results are: flows into and out of unemployment are countercyclical; these flows move tightly together …, over both the cycle and the long run; the bulk of exits from unemployment actually represent job findings rather than exits …

fired. Therefore a country with a high or an increasing unemployment rate has a low (reported) workplace accident rate. The … inversely related to both the level of unemployment and the change in unemployment. Furthermore, fatal accident rates do not …

unemployment. Moreover, the wage sweep-ups caused by nominal rigidity are strongly correlated with unemployment suggesting that … downward rigidity of nominal wages indeed contributes to unemployment. …

, unemployment and capital accumulation. First, we recover the partial equilibrium over-employment phenomenon put to the fore by …

responsiveness of the unemployment rate to changes in macroeconomic variables. Most importantly, private information increases the … responsiveness of the unemployment rate to changes in the general (type- and effort independent) productivity level. If the changes … also affect the information structure, the responsiveness of the unemployment rate may be large, even if the changes in …

those that affect the long-run unemployment rate. …

little employment protection and low unemployment benefits, while the European model (generous benefits and higher duration …