The stigma associated with long-term unemployment spells could create large inefficiencies in labor markets. While the … from a field experiment, we find that long-term unemployment spells in the past do not matter for employers' hiring …-term unemployment spells differently, suggesting that they understand that worker/firm matching takes time. However, employers attach a …

for a small portion of the fluctuations in unemployment and vacancies (Shimer (2005)). I add heterogeneity in jobs … for fluctuations in unemployment and vacancies, and that specific capital is important to decreasing the volatility of the …

We argue that US welfare would rise if unemployment insurance were increased for younger and decreased for older … workers. This is because the young tend to lack the means to smooth consumption during unemployment and want jobs to … accumulate high-return human capital. So unemployment insurance is most valuable to them, while moral hazard is mild. By …

Behind similar unemployment rates in the United States and Portugal hide two very different labor markets. Unemployment … duration is three times longer in Portugal than in the United States. Symmetrically, flows of workers into unemployment are … Portugal. High employment protection makes economies more sclerotic; but because it affects unemployment duration and worker …