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

I calculate unemployment multipliers of fiscal consolidation policies in a standard, closed-economy New Keynesian … percentage of family firms in the labor force. I find that fiscal austerity raises unemployment. Both at peak and cumulatively …, unemployment reacts least when the budget is consolidated by increasing the rate of value-added tax. At peak, the highest increase …

force participation costs of married women. …

. The effects of training programmes on the outflows from unemployment and the effects of all ALMP programmes on the … gives some tentative support to the view that public training programmes can be used to reduce unemployment. …

unemployment. We use the model to explain the cyclical properties of aggregate employment and participation. As in the US data, the … two members. Households face unemployment risks but their members adjust their labor supplies to insure against … model predicts that the participation rate (the fraction of individuals that want jobs) is not strongly correlated with …