employment gap under stagnation are primarily driven by fluctuations in underemployment instead of structural unemployment. Our … economy permanently operates below capacity due to both structural unemployment and underemployment. The latter is a direct … explain movements of unemployment and underemployment in opposite directions. Finally, we show that fluctuations in the total …

employment gap under stagnation are primarily driven by fluctuations in underemployment instead of structural unemployment. Our … economy permanently operates below capacity due to both structural unemployment and underemployment. The latter is a direct … explain movements of unemployment and underemployment in opposite directions. Finally, we show that fluctuations in the total …

In many developing economies rate of unemployment is increasing with skill accumulation and thereby leading to … underemployment. Our paper offers to look at skill formation as a demand side problem not as a traditional supply side problem and … also how skill formation or education affects unemployment among the remaining uneducated. We have developed a general …

labor demand. Tightening eligibility to short-time work benefits tends to reduce the wage while the impact on unemployment …

recessions. First, we show that the consumption risk of short-time work is considerably smaller compared to unemployment using … frictions featuring an endogenous firing and short-time work decision. In recessions, short-time work reduces the unemployment …

. If unemployment appears, however, home employment and consumption per capita decrease. …

increase in their unemployment rate and not a decline in labour force participation rate. Policymakers should take account of …

A key question in labor market research is how the unemployment insurance system affects unemployment rates and labor … 76% of declining unemployment after the reform, a fact unexplained by existing research focusing on job finding rates … causally link our empirical findings to the reduction in long-term unemployment benefits using a heterogeneous-agent labor …

According to search-matching theory, the Beveridge curve slopes downward because vacancies are filled more quickly when … unemployment is high. Using monthly panel data for local labour markets in Sweden we find no (or only weak) evidence that high … unemployment makes it easier to fill vacancies. Instead, there are few vacancies when unemployment is high because there is a low …