mandated unemployment insurance (UI) and employment protection (EP). To illuminate the forces in these models, we study how UI … higher layoff taxes suppress frictional unemployment in less turbulent times, prevails in the models with labour market … impossible to include generous government-supplied unemployment insurance in that model without getting the unrealistic result …

Similar durations but lower flows into unemployment gave Europe lower unemployment rates than the United States until … the 1970's. But since 1980, higher durations have kept unemployment rates in Europe persistently higher than in the U.S. A … costs and more generous unemployment compensation make its unemployment rate respond to a parameter that measures a worker …

unemployment by means of internet activity data, a literature starting with the seminal article of Askitas and Zimmermann (2009a …

This paper investigates the border between formal employment, shadow employment, and unemployment in an equilibrium … employment is correlated with unemployment, and it is tolerated because the repression of shadow activity increases unemployment … the model. The paper suggests also that policies aimed at reducing the shadow economy are likely to increase unemployment. …

To generate big responses of unemployment to productivity changes, researchers have reconfigured matching models in … introducing costly acquisition of credit, or by positing government mandated unemployment compensation and layoff costs. All of … these redesigned matching models increase responses of unemployment to movements in productivity by diminishing the …

This Paper studies the border between shadow employment and unemployment. It argues that the two macroeconomic … the labour market trade-off implied by ‘shadow reducing policies’, it suggests that economies with low unemployment … perform original empirical work on the border between employment, unemployment and inactivity, and we find that Italian shadow …