more than labor market search theory implies that their jobs are worth. An important effect, ignored by the popular view …

of theory. Amongst the counterfactual implications are very low volatility of tightness, procyclical unemployment, and a …

unemployment spells versus an increase in their duration. After broadly reviewing the previous literature, we replicate and extend …One of the strongest trends in recent macroeconomic modeling of labor market fluctuations is to treat unemployment … Unemployment," i.e., the extent to which increased unemployment during a recession arises from an increase in the number of …

utility theory: the discrepancy between moderate-stake and large-stake risk aversion and lottery playing by insurance buyers … effects in labor supply, and portfolio choice. Using event studies of unemployment shocks, we document evidence consistent …

outcomes holds, AlmaLaurea reduces the individual unemployment probability and improves matching quality. Interestingly, we …

results show that workers who enter temporary help work from registered unemployment do not enjoy subsequent greater chances … risks of unemployment. While our results, therefore, do not lend empirical support to a stepping-stone function of temporary … employment and unemployment chances of unemployed job seekers. If anything, temporary help work seems to provide an access …

generates equilibrium unemployment and vacancies. The equilibrium can be interpreted as the competitive equilibrium of a closely …

job-finding rate in accounting for unemployment movements in mild downturns and a bigger role for the job-loss rate in …

set of contingent claims conditional on this risk. We use the model to evaluate a tax-financed unemployment insurance … stochastic ones---generate rather limited unemployment effects, unless workers are close to indifferent between working and not …