between the three core labor force states, employment, unemployment, and inactivity. The dynamics of these transitions depend …The aggregate average unemployment rate in a given country is essentially the result of individual workers' transitions … factors to translate unobserved shocks to the labor market into observed cellspecific unemployment rates as well as bilateral …

partially due to relative changes in the type of jobs available at these times. Unemployment Insurance (UI) helps individuals … transition through difficult economic situations such as periods of unemployment, and underemployment. While UI provides … insurance to households by helping them “smooth consumption†during a period of unemployment, studies have found evidence of …