We revisit the hypothesis that cyclical fluctuations in unemployment are caused by shocks to the discount rate. We use … in the EU rate. The response of the unemployment rate is minuscule. These findings are at odds with the actual behavior … large unemployment fluctuations. We show that aggregate productivity shocks generate the correct comovement between the UE …

and Sweden). We conduct inference with mixed frequency data, combining quarterly series for unemployment, vacancies, GDP …, consumption, and investment, with annual data on unemployment flows. Parameters and shocks are estimated separately for each … country, which can then vary in terms of search and hiring costs, workers' bargaining power, unemployment benefits levels …

, will have large effects on the pattern of employment across different sectors of the economy and will require a substantial …

taxes. Our interest is to understand to what extent these reforms helped reduce Chile's rate of unemployment from European … decentralization of bargaining increased labor market flexibility and contributed to the reduction of unemployment. Our analysis … suggests that the reform on job security had no significant effect on the aggregate rate of unemployment …

Employment rates in the United States fell dramatically between February 2020 and April 2020 as the repercussions of … document that the employment decline was particularly severe for immigrants. Historically, immigrant men were more likely to be … employed than native men. The COVID-related labor market disruptions eliminated the immigrant employment advantage. By April …

implied by new unemployment claims: we estimate 20 million lost jobs by April 6th, far more than jobs lost over the entire … Great Recession. Second, many of those losing jobs are not actively looking to find new ones. As a result, we estimate the … rise in the unemployment rate over the corresponding period to be surprisingly small, only about 2 percentage points. Third …

"This paper reviews the literature on employment and labor law. It is observed that all jurisdictions in the world have … extensive employment and labor law, even though many economists recommend a reduction in legal restrictions. The review of the …

We survey the recent empirical literature on the effects of offshoring on wages, employment and displacement. We start … offshoring across occupations. Finally, we survey the literature that examines how offshoring affects employment and displacement …

States, Canada, Germany, and several other OECD countries during and after the Great Recession of 2008-09. Unemployment rates … increased moderately in Canada. More recent data also show that, unlike Germany and Canada, the U.S. unemployment rate remains … largely above its pre-recession level. We find two main explanations for these differences. First, the large employment swings …

This study measures the heterogeneity of establishment-level employment changes in the U.S. manufacturing sector over … the 1972 to 1986 period. We measure this heterogeneity in terms of the gross creation and destruction of jobs and the rate … at which jobs are reallocated across plants. Our measurement efforts enable us to quantify the connection between job …