separation rate, whether exogenous or endogenous, greatly increases the unemployment variability generated by the model …

-market policy instruments, namely, a vacancy subsidy, a layoff tax and unemployment benefits. The authors derive analytical … that hiring subsidies, layoff taxes and the replacement rate of unemployment insurance should all rise in recessions. The …

market outcomes than job switchers. Over 40% of all workers separating into unemployment regain employment at their previous … temporary layoff. Recalls are associated with much shorter unemployment duration and better wage changes. Negative duration … dependence of unemployment nearly disappears once recalls are excluded. We also find that the probability of finding a new job is …

-section/time-series models of the effects of unemployment on alternative poverty indexes. The indexes include the official headcount rate and …, the declines in unemployment of the last decade had no significant impact on poverty. The findings thus provide important …

business cycle features of job flows, worker flows between employment and unemployment, and job-to-job transitions. The … calibrated model successfully replicates (i) countercyclical worker flows between employment and unemployment, (ii) procyclical … cyclical properties of worker flows between employment and unemployment differ from those of job flows, partly because of the …