that reason, a policy increasing the social capital of the disadvantaged workers can increase the unemployment rate and …

on their interactions with the profile of unemployment benefits and with active labor market programs. …

This paper aims at explaining the dynamics of labor markets in Spain, especially the high persistence of unemployment …

unemployment rate. Exogenous shocks (such as aging) leading to lower interest rates also imply lower equilibrium unemployment rates …

Our paper studies two attempts at integrating unemployment in macroeconomics. The first, due to Diamond, consists in a …

The distribution of unemployment duration in our equilibrium matching model with spell-dependent unemployment benefits … aggregate unemployment rate. Structural estimation using a German micro-data set (SOEP) allows us to discuss the effects of a … recent unemployment benefit reform (Hartz IV). The reform reduced unemployment by only 0.3%. Contrary to general beliefs, we …

We analyse optimal saving of risk-averse households when labour income stochastically jumps between two states. The …

able to generate fragile equilibria. For instance, the natural unemployment rate is al- lowed to shift over time depending … on past unemployment. Actually, many European unemployment series seem to exhibit a unit root or persistence. This view … is questioned in the paper using German data on unemployment. A new class of time-series models, the fractionally …