We offer a decomposition for the variance of the current unemployment rate that not only measures the contributions of …

Although a relevant share of firms is created out of unemployment and current active labor market policies in Europe … often subsidize unemployed individuals to start their own businesses, little is known about the role of unemployment … extensive margin of (self-)employment and on unemployment duration. We find heterogeneous effects on the extensive margin: while …

Although a meaningful percentage of firms are created out of unemployment and current active labor market policies in … Europe often subsidize unemployed individuals to start their own businesses, little is known about the role of unemployment … extensive margin of (self-)employment and on unemployment duration. We find heterogeneous effects on the extensive margin: while …

two members. Households face unemployment risks but their members adjust their labor supplies to insure against … unemployment. We use the model to explain the cyclical properties of aggregate employment and participation. As in the US data, the … household against unemployment risks. …