rents from holding a full-time $15 per hour job relative to unemployment are worth about $20,000, more than seven times …

more of them are residing with their parents. The unemployment rate at 23-27 year old for the 1996 college graduation … explain two thirds of the rise in unemployment and coresidence between the 2013 and 1996 graduation cohorts. Rising wage … dispersion is also important for the increase in unemployment, while declining parental income, rising student loan balances and …

How has the internet affected search and hiring, and what are the implications for aggregate unemployment? Answering … indicate that the steady-state unemployment rate fell by as much as 14% due to the broadband internet expansion …

This paper studies the dynamics of unemployment (u) and its natural rate (u*), with u* measured by real-time estimates … for 29 countries from the OECD. We find strong evidence of hysteresis: an innovation in u causes u* to change in the same …

hysteresis embodying the idea that the equilibrium unemployment rate depends on the history of the actual unemployment rate. This …The recent European experience of high persistent unemployment has led to the development of theories of unemployment … paper summarizes two directions of research on hysteresis that appear especially promising. Membership theories are based on …

European unemployment is widely regarded as a problem of excessive real wages. This view as it is usually expressed …

European unemployment has been steadily increasing for the last 15 years and is …equilibrium unemployment. We then confront the theory to both the detailed facts of …insiders and firms, shocks which affect actual unemployment tend also to affect …

This paper argues that hysteresis helps explain the long-run behavior of unemployment. The natural rate of unemployment … is influenced by the path of actual unemployment, and hence by shifts in aggregate demand. I review past evidence for … hysteresis effects and present new evidence for 20 developed countries. A central finding is that large increases in the natural …

-recession trend, suggesting hysteresis. Second, while inflation has decreased, it has decreased less than anticipated, suggesting a … unemployment on inflation, for given expected inflation, decreased until the early 1990s, but has remained roughly stable since …

The unemployment rate in the euro area appears to contain a significant nonstationary component, suggesting that some … Keynesian model with unemployment, and assess their empirical relevance …