This short note emphasizes and illustrates two basic points: (1) The private costs of unemployment, i.e., the costs … cause of the permanently high unemployment rate in the United States. (2) The social costs of unemployment, i.e., the costs … of unemployment to the nation as a whole regardless of how they are distributed, must be judged by considering the …

One of the strongest trends in recent macroeconomic modeling of labor market fluctuations is to treat unemployment … Unemployment," i.e., the extent to which increased unemployment during a recession arises from an increase in the number of … unemployment spells versus an increase in their duration. After broadly reviewing the previous literature, we replicate and extend …

unemployment and that rising homeownership in OECD countries since the 1960s provides a key explanation for the rise in the natural … rate of unemployment over the same time period. Recent tests of the Oswald thesis have found the opposite. This study … (private, public, and rent-free) and by examining data from Australia, rather than the U.S. We demonstrate that the recent anti …

the minimum wage on teenage unemployment, or its relative impact on black and white teenagers. The purpose of this paper … unemployment rates of teenagers, we explore several related issues: the relative importance of changing the level and coverage of …

ambiguity of some explanatory variables. The data basis are unemployed persons leaving the unemployment register within a given … unemployment compensation play minor roles …

In this paper, a theory of the natural or equilibrium rate of unemployment is built around a theory of the duration of … a minority are on temporary layoff or have just entered the labor force. Thus, high-unemployment labor markets are … efficient. The factors influencing the resulting natural unemployment rate are discussed. Under plausible assumptions, the …

previous employer, causing firms to discriminate in monitoring. We confirm the model's prediction that the unemployment hazard … longer unemployment durations for blacks, are known to be strongly empirically supported …