historically focussed on reducing unemployment (the tip of the iceberg), the group of inactive people (below the waterline) is much … larger. Therefore, we point to the clear limitations of the unemployment rate as the (single) key macro-economic indicator of … the health of the labour market. A parsimonious dashboard approach utilising the unemployment-to-population ratio and the …

on the evolution of unemployment as well as inactivity across European countries. Indeed, previous crises have typically … lead not only to more unemployment but also to larger numbers of discouraged unemployed and thus more inactivity. It … experienced higher unemployment. In many other countries, unemployment and inactivity remained remarkably stable despite covid-19. …

unemployment and wages in aggregate analysis. We do find, however, evidence of distributional effects when accounting for human …

We study how unemployment benefit eligibility affects the layoff exit rate by exploiting quasi-experimental variation … 12% in the layoff probability when unemployment benefit eligibility is attained, which persists for about 16 weeks. These …

This paper studies the unemployment accelerator, a mechanism where workers directly affect the firms' financial … conditions, and, in turn, firms' financial conditions feedback again to the real economy. The unemployment accelerator builds on … in labor and financial markets. We provide compelling micro-evidence of the unemployment accelerator: a 10% increase in a …

Using newly digitized unemployment insurance claims data we construct a historical monthly unemployment series for U …-level unemployment data, which are only available from January 1976 onwards, and capture consistent patterns in the business cycle. We … use our claims-based unemployment series to examine the evolving pace of post-war unemployment recoveries at the state …

EWE is a consequence of one of the most important labor institutions: the unemployment benefit (UB). We develop a model …

quantitative effects of (i) aggregate productivity shocks on unemployment and (ii) unemployment benefits on unemployment. This … model, unemployment benefits affect households' behavior directly, without having to run via the bargained wage. A … effect of benefits on unemployment. Our analysis shows the importance of investigating the effects of policies on the …

The unemployment rate in Estonia rose sharply in 2010 to one of the highest levels in the EU, after the country entered … would facilitate the structural transformation and reduce the long-term unemployment rate. Linking increases in unemployment …