This paper develops a theory characterizing the effects of fiscal policy on unemployment over the business cycle. The … theory is based on a model of equilibrium unemployment in which jobs are rationed in recessions. Fiscal policy in the form of … government spending on public-sector jobs reduces unemployment, especially during recessions: the fiscal multiplier …

-skilled workers. The stylized facts are that profits are concentrated among the high-skilled, involuntary unemployment is mostly among … the low-skilled, and private unemployment insurance is missing. This paper analyzes the effectiveness of redistribution …

This paper describes an equilibrium labour market in which an unemployment benefit system cannot raise the average … unemployment is high, but pays much lower rates in booms. By targeting unemployment compensation to recessions, when being … substantially reduces average unemployment. …

on the incidence of unemployment in different sex-age groups. The German population has aged substantially in recent … be expected to lead to fluctuations in age-specific unemployment rates. In general, this intuition is confirmed by the … estimations presented here. A strong positive relationship between the size of a cohort and its relative unemployment experience …

This Paper explains the divergent behaviour of European and US unemployment rates using a job market-matching model of … increase in real interest rates, and an increase in tax rates leads to a permanent increase in unemployment rates when the … replacement rates or initial tax rates are high, while no increase in unemployment occurs when institutions are ‘employment …

We examine how technological change affects wage inequality and unemployment in a calibrated model of matching … the fact that, in the model calibrated to the US economy, both unemployment and vacancy durations are very short, i …

Existing estimates of the annual unemployment rate from 1870 to 1913 were constructed by the Board of Trade, initially … reconstruct sectoral unemployment rates based on union records and supplement this with (crude) estimates for certain other … deviation than the Board of Trade index. The wide swings in unemployment during the 1870s are confirmed but the amplitude of …