-wanted ads and an unemployment subsidy, is highly contractionary. However, it leads to large welfare gains. The policy also plays …

unemployment. Juhn, Murphy, and Topel (2002) point out that the low unemployment rates for men in the 1990s were accompanied by … historically high rates of non-employment suggesting that the 1990s economy was not as strong as the unemployment rate might … increase in women's labor force participation more than offsets the decline for men, and low unemployment rates in the 1990s …

in the ability of disadvantaged households to supplement unemployment-induced earnings losses. I use panel data from two …

decisions can simultaneously account for the observed behavior of employment, unemployment and out-of-the-labor-force. This … unemployment and out-of-the-labor-force into a single non-employment state or assuming a fixed labor force participation. Once the …

The current expansion has delivered the lowest unemployment rates in decades, yet nominal wage growth has remained … relatively contained. This suggests to some a shift in the historical relationship between unemployment and wage growth. We look … real wage growth with respect to unemployment has fallen recently, a result that is not due to a compositional shift toward …