. As the U.S. economy enjoyed low unemployment in both 1989 and 1997, the rise in enrolment rates was related to structural …

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 …

are an index of job availability (the Help-Wanted Index), the real wage, the real minimum wage, an index of unemployment …, policy changes in unemployment insurance and the minimum wage, and structural transformations. The explanatory power of the … the value of the non-accelerating inflation rate of unemployment (nairu), in a non-inflationary cyclical recovery, the …

income, population, labour force, employment, unemployment, output and productivity. The second section looks at the common … professional occupations; growing wage inequality; and the downward trend in the non-accelerating inflation rate of unemployment …. The third section examines divergent trends in the two labour markets, including the widening of the unemployment rate gap …

precautionary saving and a shift toward safer assets in the years leading up to unemployment, and depletion of savings during … unemployment. This suggests that at least some households can foresee and prepare for upcoming unemployment, which indicates that … private savings can complement publicly provided unemployment insurance. …