In the most widely analyzed type of efficiency wage model of involuntary unemployment, firms pay wages in excess of … equilibrium unemployment act as a worker discipline device. This paper concerns what is usually considered the most important … involuntary unemployment. Explicit upfront bonds are only quite rarely observed. A more subtle form of the bonding critique argues …

of unemployment spell durations. A job search model that allows for recalls is shown to lead naturally to a competing … risks specification of the distribution of layoff unemployment spell durations in which recall and the taking of a new job … are alternate routes for leaving unemployment. A large sample of individual layoff unemployment spell observations derived …

employment growth rates across sectors (G) and the unemployment rate implies that shifts in demand from some sectors to others … are responsible for a substantial fraction of cyclical variation in unemployment. This paper demonstrates that, under … the unemployment rate. Two tests are developed which permit one to distinquish between a pure sectoral shift …

of unemployment. It is this body of work we assess in this paper. We reach two main conclusions. First, there has been … think for example about the relation between technological progrss and unemployment. Second, empirical knowledge lags behind … countries. We look at two issues, the relation of wages to unemployment, and the risk of European unemployment …

This paper uses two data sets to examine the impact of the potential duration of unemployment insurance (UI) benefits … on the duration of unemployment and the time pattern of the escape rate from unemployment in the United States. The first … part of the empirical work uses a large sample of household heads to examine differences in the unemployment spell …

sharp increase in the incidence of long-term unemployment (LTU) during the Great Recession. We first show that compositional … shifts in demographics, occupation, industry, region, and the reason for unemployment jointly account for very little of the … model that allows for duration dependence in the exit rate from unemployment and for transitions between employment (E …