Reemployment bonus experiments offer large lump sum payments to unemployment insurance (UI) recipients who find a job … Illinois and discusses the implications of the experiments for theories of unemployment and policy design. I examine the hazard … rate of exit from unemployment and find that it is significantly higher for the experimental groups, but only during the …

This paper starts from two sets of facts about Continental Europe.The first is the steady increase in unemployment … larger increase since the mid-1980s. The paper then develops a model of capital accumulation, unemployment and factor prices …. Using this model to look at the data, it reaches two main conclusions: The initial increase in unemployment, from the mid …

, leading in turn to higher, not lower, unemployment. And, even if unemployment comes down, workers may actually be worse off …, going through many spells of unemployment and fixed duration jobs, before obtaining a regular job. Looking at French data … substantial reduction in unemployment duration. If anything, their effect on welfare of young workers appears to have been …

We propose that the natural rate of unemployment has an active role in the business cycle, in contrast to the … Phillips-curve framework of low---often extremely low---response of inflation to unemployment could be the result of fairly … most Phillips-curve studies, that conclude that inflation has little relation to unemployment. We suggest that the flat …

We explore the response of employment (unemployment) skill differentials to skill-biased shifts in demand touched off … by the new and spreading technologies. We find that skill differentials in unemployment follow at least in part the same … differences defined by technology. In the aggregate time series relative unemployment is defined by educational unemployment …

A search-theoretic general equilibrium model of frictional unemployment is shown to be consistent with some of the key … regularities of unemployment over the business cycle. In the model the return to a job moves stochastically. Agents can choose … unemployment …

similarity of the pattern of segmentation across 66 different countries. The paper goes on to consider how unemployment might be … understood in a labor market segmentation framework. Existing models of unemployment in a dual labor market suggest that … unemployment should be concentrated among those who are ultimately employed in high wage jobs. In fact, unemployment seems to be …

explaining the persistent high unemployment that prevailed in interwar Britain. It develops a new measure of sectoral shifts that … aggregate unemployment during the interwar period, even after controlling for a variety of shocks to aggregate demand, and for … roughly one-half of the variation in unemployment, suggesting an important role for sectoral shifts …

This paper looks at models of unemployment which make two central assumptions. The first is that wages are bargained … between firms and employed workers, and that unemployment affects the outcome only to the extent that it affects the labor … market prospects of either employed workers or of firms. The second is that the duration of unemployment affects either the …

This paper presents a signaling explanation for unemployment. The basic idea is that employment at an unskilled job may … equilibria satisfying the Cho-Kreps intuitive criterion involve unemployment. However, there always exist budget balancing wage … subsidies and taxes that eliminate unemployment. Also, for any unemployment equilibrium, either there always exists a set of …