payroll employment as well as unemployment and that increased persistence appears to be widespread across industries. At the …I examine whether the cyclical behavior of unemployment has changed over the post WWII period. Specifically, I test … whether cyclical movements in unemployment have become more persistent. Finding that they have, indeed, become more persistent …

Shimer (2005) argues that the Mortensen-Pissarides (MP) model of unemployment lacks an amplification mechanism because … it generates less than 10 percent of the observed business cycle fluctuations in unemployment given labor productivity … correctly identify the shocks driving unemployment. Using a New-Keynesian framework to control for the endogeneity of …

This paper presents a search model of unemployment with a new mechanism of job separation based on firms' demand … about unemployment that the Mortensen-Pissarides (1994) model has difficulties explaining jointly: (i) the unemployment …-vacancy correlation is negative, (ii) the contribution of the job separation rate to unemployment fluctuations is small but non …

temporary employment in a local labor market tends to lower the natural rate of unemployment--most likely through the matching …This paper examines the determinants of the natural rate of unemployment using a combined cross section and time series … function. The results suggest that the increase in the share of temporary employment may have reduced the natural rate as much …

It is frequently alleged that the persistent, high rates of unemployment in many European countries are due, at least … severance costs on labor demand. A partial equilibrium model of the firm's employment decision in the presence of significant …

observable factors affecting matching efficiency: (i) unemployment composition and (ii) dispersion in labor market conditions … exceptionally low matching efficiency can be attributed to composition. New highly disaggregated data on vacancies and unemployment …

We look for evidence of "hysteresis" in the U.S. unemployment rate - that is, that current labor market outcomes affect … the future equilibrium level of the unemployment rate. We first examine (using a variety of econometric tests for unit … roots) whether the unemployment rate tends to come back to a long-run average over time. On balance, our results suggest …

rather than accept a low-wage job. In this case, unemployment can serve as a signal of productivity, and unemployment … whose plant closed cannot be recalled, longer unemployment duration should not have a positive signaling benefit for such … that the wage/unemployment duration relation differs between the two groups in the predicted way, and finds evidence …