allows us to control for unmeasured country-specific factors that affect relative employment and unemployment, we find that … of young and older individuals relative to the prime-aged, with no significant effects on the relative unemployment of … raises female unemployment relative to male unemployment. These results suggest that union wage-setting policies price the …

little direct relation to changes in the NAIRU, but long-term unemployment benefits magnify the effects of disinflation …. These results support `hysteresis' theories of unemployment …

, but a serious public debt problem has emerged and the unemployment rate stands near 20 percent. This raises questions of …

We introduce dynamic incentive contracts into a model of unemployment dynamics and present three results. First, wage … cyclicality from incentives does not dampen unemployment dynamics: the response of unemployment to shocks is first … cyclicality from bargaining dampens unemployment dynamics through the standard mechanism. Third, our calibrated model suggests 46 …

We propose a new business cycle theory. Firms need to randomize over firing or keeping workers who have performed …