It is frequently alleged that the persistent, high rates of unemployment in many European countries are due, at least …

to increase the rate of exit to employment of the long-term unemployed. Exit rates from long- and short-term unemployment … have two effects on the unemployment rate: a positive one as high exit rates strengthen current employees' bargaining … positions and thus wages and a negative one as faster outflows from unemployment reduce the stock of unemployed. Thus, there is …

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 …

-practice techniques and some new strategies to relate unemployment probabilities from the Current Population Survey to net worth data from … the Survey of Consumer Finances. We find that increases in unemployment risk do not boost saving by households with …

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 …

) in industries shedding workers, it also resulted in prolonged periods of unemployment for displaced workers. Moreover …

change that renders the natural rates of interest and unemployment uncertain. Using a forward-looking quarterly model of the … rules do not require knowledge of the natural rates of interest or unemployment for setting policy and are consequently …