This paper develops a search-and-matching model that incorporates temporary unemployment and applies the model to study … the unemployed. We then use the model to project the path of unemployment over the next 18 months. Under a range of … distinguish between temporary and permanent unemployment and compared to professional and academic forecasts. We find that in …

We study how the level of unemployment insurance (UI) benefits that trades off the consumption smoothing benefit with … moral hazard cost is procyclical, greater when the unemployment rate is relatively low. By contrast, our evidence suggests … standard deviation increase in the unemployment rate leads to a roughly 14 to 27 percentage point increase in the welfare …

sharp increase in the incidence of long-term unemployment (LTU) during the Great Recession. We first show that compositional … shifts in demographics, occupation, industry, region, and the reason for unemployment jointly account for very little of the … model that allows for duration dependence in the exit rate from unemployment and for transitions between employment (E …

a longer unemployment spell -- by sending fictitious resumes to real job postings in 100 U.S. cities. Our results …'s unemployment spell, with the majority of this decline occurring during the first eight months. We explore how this effect varies … that employer screening plays an important role in generating duration dependence; employers use the unemployment spell …