This paper develops a framework for analyzing unemployment in terms of …distribution of the inflow Into unemployment are the primary determinant of …drive the recession. In contrast to normal unemployment, cyclical unemployment …

frictions characterized by employment loss and employment opportunity arrival shocks. We argue that it is able to account for … shocks play a key role in allowing the model to match the persistence of the employment and out of the labor force states …

We rely on a decomposition of employment changes into job creation and job destruction components - and a novel set of … inferences: 1) The data favor a many- shock characterization of fluctuations in employment and job reallocation, 2) Theories of … employment fluctuations that attribute a predominant role to aggregate shocks must in order to fit the data involve …

We provide a unified discussion of the relations among flows of workers, changes in employment and changes in the … firms in 1988 and 1990) we discover that: 1) Nearly half of all hiring is by firms where employment is not growing; 2) Over … imply that macroeconomic fluctuations can have substantial effects beyond those indicated by net employment changes at the …

This study measures the heterogeneity of establishment-level employment changes in the U.S. manufacturing sector over … reallocation and worker reallocation, to evaluate theories of heterogeneity in plant-level employment dynamics, and to establish …

European unemployment is widely regarded as a problem of excessive real wages. This view as it is usually expressed … unemployed because it suggests that increases in employment will require reductions in the real wages of those currently employed …. The first part of this paper shows that increases in employment in Europe are likely to be associated with rising real …

harmed either employment or GDP. Even unemployment benefits do not have robustly negative effects … costly since about 1980, not through overall employment effects, but through the net human-capital cost of protecting senior …

-market recovery from financial crises is characterized by either higher unemployment ("jobless recovery") or a lower real wage …