We provide a set of comparable estimates for the rates of inflow to and outflow from unemployment using publicly … available data for fourteen OECD economies. We then devise a method to decompose changes in unemployment into contributions … accounted for by changes in inflow and outflow rates for cases where unemployment deviates from its flow steady state, as it …

This paper investigates the age-dependency of participation and unemployment by integrating job search with … of participation rates of elder workers as a result of the post-war increase in tax rates and replacement rates. We show … that the age pattern of search unemployment does not match observed unemployment and we propose a new concept of 'voluntary …

In the past decades several features of U.S. unemployment dynamics have been investigated empirically. The original … focus of research was on the duration of unemployment. In later studies the cyclicality of incidence and duration …, compositional effects and duration dependence of the exit rate out of unemployment have been investigated. Unlike the partial …

. This model yields a simple relationship between (i) the unemployment rate, (ii) the value of non-market time, and (iii) the … and allow for measurement error. The estimated wage dispersion for the US is consistent with an unemployment rate of 4 …

We combine micro and macro unemployment duration data to study the effects of the business cycle on the outflow from … unemployment. We allow the cycle to affect individual exit probabilities of unemployed workers as well as the composition of the … total inflow into unemployment. We estimate the model using (micro) survey data and (macro) administrative data from France …

market while some unemployed search too much. The low participation rate reflects a standard hold-up problem and the excess … simultaneously opening more vacancies and increasing participation. A modest binding minimum wage or conditioning UI benefits on …

We analyse the determinants of unemployment persistence in four OECD countries byestimating a structural Bayesian VAR … with an informative prior based on an insiders/outsiders model. We explicitly insert unemployment ben- efits and labour …: demand shocks play a dominant role in explaining unemployment also in the medium-run. Moreover real wages have low …

rate) and unemployment in Japan for the period between 1972 and 2002. We find that, although Japan’s unemployment rate has … been influenced by specific exogenous shocks, the effects of entrepreneurship on unemployment are not different when …