European countries exhibit significant differences in employment rates of adult males. Differences in labor … migrants to isolate the effect of culturally transmitted labor-leisure preferences on individual employment rates. If migrants … about 24% of the top-bottom variation in employment rates across European countries …

Recent work has demonstrated that existing solutions of the unemployment volatility puzzle are at odds with the … procylicality of the opportunity cost of employment, the cyclicality of wages, and the volatility of risk-free rates. We propose a …. Our model reproduces the observed fluctuations in unemployment because hiring a worker is a risky investment with long …

for which the response of wages is modest relative to the response of employment, as appears to be the case in U.S. data …, for certain parameters, the model can explain both the standard deviations of employment and wages and the correlation …

states of employment, unemployment, and non-participation. The determinants of actual household transitions are then … investigated using continuous employment histories for a sample of low-income families. Simulations using the estimated transition … functions show that increased unemployment among married men has a sizeable short-run effect on both participation and …

frictions characterized by employment loss and employment opportunity arrival shocks. We argue that it is able to account for … shocks play a key role in allowing the model to match the persistence of the employment and out of the labor force states …

Unemployment rates in countries across the world are typically positively correlated with GDP. China is an unusual … outlier from the pattern, with abnormally low, and suspiciously stable, unemployment rates according to its official … statistics. This paper calculates, for the first time, China's unemployment rate from 1988 to 2009 using a more reliable …

of 2.0 to 3.0. With elasticities of this magnitude, wages and employment depend on both supply and demand factors, with …