unemployment and its underlying duration distribution. We develop an analytically and computationally tractable stochastic … equilibrium model with heterogenous labor markets. In this model three different types of unemployment arise: search, rest and … reallocation unemployment. We document new evidence on unemployed workers’ gross occupational mobility and use it to calibrate the …

For U.S. recessions since 1948, we study paneled time series of (i) ExUR, the excess of the unemployment rate over the … maximum effect of NGAP on unemployment occurs with a lag of 2 to 3 quarters. …

covering the period from 1991 to 2010. We find a negative effect of the unemployment rate on the divorce rate, pointing to a … characteristics that can vary by country, and/or over time. Results indicate that a one-percentage-point increase in the unemployment … possible non-parametric pattern, confirms a clearly negative relationship between unemployment and divorce in European …

such as endogenous business cycles, nominal GDP growth, unemployment rate fluctuations, the Phillips curve, leverage cycles … system may remain trapped in a large unemployment status, without the possibility to quickly recover unless an exogenous …

unemployment rate, and the spikes in the unemployment rate followed with lags of 2-3 years. On the world scale, over the last 44 … years (for which the data is available), all 4 maximums of the solar activity overlapped with minimums of the unemployment …

equilibrium model of wage dynamics and unemployment. The model is developed under the assumption of worker mobility, so that … Beaudry and DiNardo (1991). We solve for the dynamics of wages and unemployment, and show that real wages do not necessarily … to match actual unemployment and wage series. We also show that equal treatment follows in our model from the assumption …

downward rigidity, and magnifying the response of unemployment to negative shocks. We also consider layoffs and show that for a …