We develop a model of self-sustaining discrimination in wages, coupled with higher unemployment and shorter employment …

-cycle-frequency fluctuations in unemployment and job vacancies in response to shocks of a plausible magnitude. In the U.S., the vacancy-unemployment … vacancy-unemployment ratio and labor productivity have nearly the same variance. I establish this claim both using analytical … small movement along a downward sloping Beveridge curve (unemployment-vacancy locus). A shock to the job destruction rate …

unemployment. The sample of approximately 15,000 observations is drawn from the 1988 Alcohol Survey of the National Health …

the unskilled. By contrast, in Europe it is undoubtedly the rise and persistence of unemployment. Technology has been … European unemployment. This paper seeks to provide a unified account of these major factor market developments. It models the … impact of technical change on relative wages and unemployment in a world in which one country has flexible and the other …

states of employment, unemployment, and non-participation. The determinants of actual household transitions are then … functions show that increased unemployment among married men has a sizeable short-run effect on both participation and …

Most economists maintain that the labor market in the United States is 'tight' because unemployment rates are low. They …, prior to that, real wages had been stagnant for some time. We show that unemployment is not key to understanding wage …

This paper estimates the response of the unemployment rate and labor force participation rate to exogenous variation in … variable. A one percent increase in the youth share reduces the unemployment rate of young workers by more than one percent …