on the model's failure to match the observed cyclical volatility of unemployment. Job creation in the model is influenced … elasticities are consistent with the evidence. Therefore explanations of the unemployment volatility puzzle have to preserve the … cyclical volatility of wages. I discuss some extensions of the model that can increase cyclical unemployment volatility through …

In this paper, we contribute to the literature on the impact of the unemployment benefit on (reservation) wages. We use … the German BA-Employment Panel (2008) to identify the effect of a reduced unemployment benefit due to the labor market … reform of 2005 in Germany. Using this unique experiment, we find strong evidence that a lower unemployment benefit has an …

We examine whether income and unemployment risks are compensated by individual wages. Using a portfolio approach we … show that the marginal income risk effect on wages is always positive whereas the marginal unemployment risk effect …

. Unemployment had reached its lowest levels for thirty years going in to the latest recession and has also remained relatively … subdued through the downturn, certainly compared to previous recessions. A combination of lower inflow rates into unemployment …

-dimensional process. Age ten conduct disorder predicts male adult unemployment particularly well but it is self-esteem that predicts male …

becoming unemployed, the costs of unemployment in terms of real wages losses and the probability that the continuously employed …