High rates of unemployment entail substantial costs to the working population in terms of reduced subjective well …

age at which the individualstarts receiving disability benefits, and the increase in the local unemployment rate …

In this paper, we review the literature on the “spike” in unemployment exit rates aroundbenefit exhaustion, and present … new evidence based on administrative data for a largesample of job losers in Austria. We find that the way unemployment …

How has the internet affected search and hiring, and what are the implications for aggregate unemployment? Answering … indicate that the steady-state unemployment rate fell by as much as 14% due to the broadband internet expansion …

employment is the efficient unemployment rate, u*. We define u* as the unemployment rate that minimizes the nonproductive use of …). Accordingly, the efficient unemployment rate is the geometric average of the unemployment and vacancy rates: u* = √uv. We compute …

This study documents how job seekers update perceived job-finding prospects by unemployment duration and by learning … about aggregate unemployment. We find that job seekers perceive an 18% decline in their job-finding probability for each … additional month of unemployment, but perceive a higher job-finding probability when the aggregate unemployment rate is …