Standard macroeconomic models underpredict the volatility of unemployment fluctuations. A common solution is to assume … jobs. This form of wage rigidity does not affect job creation and thus cannot explain the unemployment volatility puzzle …

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

stamps which partially insure productivity risk is greater than the value of unemployment insurance which provides (partial …) insurance against employment risk and no insurance against persistent shocks. -- Uncertainty ; life-cycle models ; unemployment …