The persistence of U.S. unemployment has risen with each of the last three recessions, raising the specter that future … shocks do not systematically lead to more persistent unemployment than monetary policy shocks, so these cannot explain the … rising persistence of unemployment. Second, monetary and fiscal policies can account for only part of the evolving …

accessibility to appropriate jobs should shorten the duration of unemployment. We focus on lower-income workers with strong labor …

This paper studies how the thick market effect influences local unemployment rate fluctuations. The paper presents a … fluctuations in the local unemployment rates. Since larger cities attain the critical market size more frequently, they have … shorter unemployment cycles, lower peak unemployment rates, and lower mean unemployment rates. Our empirical tests are …

unemployment and increasing reliance on social security persist across wide regions of East Germany together with these migration … networking rate, high average labor productivity, low unemployment and no emigration ("West Germany'') and one with a low … networking rate, low average labor productivity, high unemployment and a constant rate of emigration ("East Germany''). The model …

labor markets. We find that workers age 62 to 69 are responsive to the unemployment rate and to long-run fluctuations in … the rising unemployment rate will be almost 50 percent larger than the decrease in retirement brought about by the stock …

. The effect on the exit rate from unemployment is unclear. In this paper we show that, if agents have exponential time … unemployment later. Using two large longitudinal data sets, we find that various measures of impatience are negatively correlated … with search effort and the exit rate from unemployment, and are orthogonal to reservation wages. Overall, impatience has a …