We study the role of uncertainty shocks in explaining unemployment dynamics, separating out the role of aggregate and … measure aggregate and sectoral uncertainty and compare their effects on the unemployment rate in a standard macroeconomic … vector autoregressive (VAR) model. We find that aggregate uncertainty leads to an immediate increase in unemployment, with …

present resulting from the Great Recession of 2007–09. We assess the human cost of increased unemployment by surveying what …

particular demographic groups. These developments can largely be accounted for by worse matching of people to jobs in the high-unemployment …

Using household level data for France from 1990 to 2000, we estimate a relationship between wages and unemployment …

by reducing real wages below levels allowed by technological growth, changes in the unemployment rate, and institutional …

unemployment or faster growth. Weak output growth after such a cost shock is somewhat puzzling and has led some to question the … structurally slower real wage growth, that is, "wage moderation," does raise output growth and lower unemployment rates. However, I …