unemployment over the last three decades. We find that while macroeconomic and demographic shocks and changing labor market … important factor explaining the shift in US relative unemployment. Our finding of the central importance of these interactions …, high employment is associated with low wage levels and high levels of wage inequality. These findings suggest that US …

allows us to control for unmeasured country-specific factors that affect relative employment and unemployment, we find that … employment of youth, women, and older individuals. Theoretically, we show that labor market institutions meant to improve workers …, for both men and women, more extensive involvement of unions in wage-setting significantly decreases the employment rate …

highlights interactions between job-security provisions and sectoral shocks in determining the natural rate of unemployment, the … allocation of labor, and the extent of labor hoarding, and rationalizes cross-sectional asymmetries of gross employment flows at …

attrition rates, the firm's optimal policy is partially myopic, and firing costs may well increase average employment even when …