the unemployment rate and the adverse labor supply effect of the pandemic is more pronounced than implied by the labor …

flow value of unemployment. …

In this paper, we argue that credit market imperfections impact not only the level of unemployment, but also its … steady-state unemployment, but also slow down the transitional dynamics. We then provide an empirical illustration based on a … persistence of unemployment. -- Credit markets ; labor markets ; unemployment ; credit constraints ; search frictions …

the empirical literature estimating the matching function, commonly used to map unemployment and vacancies into hires …

suggest that a more progressive tax schedule reduces the unemployment rate and increases the employment rate. These findings …

This paper provides evidence on the behavior of reservation wages over the spell of unemployment using high … to 24 weeks, we find that self‐reported reservation wages decline at a modest rate over the spell of unemployment, with … point estimates ranging from 0.05 to 0.14 percent per week of unemployment. The decline in reservation wages is driven …