This paper studies hours, employment, vacancies and unemployment at micro and macro levels. It is built around a set of … facts concerning the variability of unemployment and vacancies in the aggregate and, at the establishment level, the …

This paper develops a framework for analyzing unemployment in terms of …distribution of the inflow Into unemployment are the primary determinant of …drive the recession. In contrast to normal unemployment, cyclical unemployment …

This paper develops a model of unemployment rate dynamics that provides an explanation of persistent cyclical … unemployment that does not involve persistent expectational errors or other nonoptimizing behavior. Our results are based on the … comprise the bulk of normal unemployment and a larger group of low turnover individuals who dominate movements in cyclical …

unemployment they have experienced (state dependence). We use Current Population Survey (CPS) data on unemployed individuals linked … outcomes. Even with these controls in place, we find that unemployment duration has a strongly negative effect on the … explanation for the negative association between unemployment duration and subsequent employment rates. We also find that longer …