In this paper, we study the effects of unemployment benefit duration and the business cycle on unemployment duration …. We construct durations for individuals entering unemployment from a longitudinal sample of Spanish men in 1987 …–94. Estimated discrete hazard models indicate that receipt of unemployment benefits significantly reduces the hazard of leaving …

aggregate unemployment because the number of jobs available is limited, independently of matching frictions. Second, while job …This paper analyzes optimal unemployment insurance over the business cycle in a search model in which unemployment … novel effects ignored in previous studies of optimal unemployment insurance. First, job-search efforts have little effect on …

following five questions: 1) To what extent does an economy subject to regular variations in labour productivity growth differ … from one where labour productivity is constant? 2) What is the impact on major macroeconomic indicators of a one …-time change in labour productivity growth? 3) What are the business cycle implications of autonomous (non-falsifiable) changes in …

This paper investigates the causes of the Italian consumption bust of the early 1990s by estimating deviations from … 'normal' consumption using household level data for 1985-94. The data set used is a particularly rich, but as yet unexplored … households each year. The main findings are that the decline in consumption was larger for the working age households. The fall …

currently unemployed. We also allow for the composition of the inflow into unemployment to depend on calendar time at the moment …This paper examines the relation between individual unemployment durations and incidence on the one hand, and the time … aggregate unemployment duration data, in which we allow for unobserved heterogeneity and correlated measurement errors. We do …

This paper constructs a theoretical model to study the effects on employment of the introduction of flexible labour … data. The model predicts that such contracts increase the size of the employment response to aggregate shocks, while … decreasing its persistence, and that employment overshoots its long-run level at the time these contracts are introduced …

France, Germany, the United Kingdom and the United States - which any theory of unemployment ought to explain. The … business cycles. Key results are: flows into and out of unemployment are countercyclical; these flows move tightly together …, over both the cycle and the long run; the bulk of exits from unemployment actually represent job findings rather than exits …