This paper proposes a protocol for considering the social cost of unemployment by taking into account three different … aspects: incidence, severity and hysteresis. Incidence refers to the conventional unemployment rate; severity takes in both … unemployment duration and the associated income loss; and hysteresis refers to the probability of remaining unemployed. The social …

using the micro-data, this paper shows that this state of non-searching unemployment or discouragement has increased more … some of the jobless with considerable movements between the two categories of unemployment. These findings from the first … unemployment, which includes discouraged workers. In response to these labour market challenges, the government should further …

We build an analytically and computationally tractable stochastic equilibrium model of unemployment in heterogeneous … countercyclical unemployment, and is simultaneously consistent with procyclical reallocation, countercyclical separations and a … negatively-sloped Beveridge curve. Moreover, the model exhibits unemployment duration dependence, which (when calibrated to long …

unemployment and its duration distribution. Using the SIPP, we document the relation between workers' (gross and net) occupational … mobility and unemployment duration over the long run and business cycle. To interpret this evidence, we develop an analytically … countercyclical net occupational mobility, the large volatility of unemployment and the cyclical properties of the unemployment …

that households with a participating wife are better able to deal with unemployment of the husband. A supplementary … sensitive to his own unemployment income if the wife is nonparticipating. This implies that unemployment benefits have a …

This study investigates the causal effects of education on individuals' transitions between employment and unemployment … 16 years of schooling. Evidence on the impact of formal schooling on unemployment incidence is mixed …

order to identify the causal long-run effects of post-graduation unemployment. The results show significant scarring effects … resulting in higher risks of unemployment up to 5 years later. The results imply that poor labor market performance as a …