In this paper, we aim to provide a comprehensive view of the unemployment dynamics generated by different structural … shocks. We show that the relative contribution of the job finding and separation rates to the unemployment dynamics depends … contribution of the two transition rates to the volatility of unemployment, whereas the search shock implies a disproportionate …

choice to disentangle the respective contributions of task-biased technological change (TBTC), labor market institutions (LMI …

In this paper, we investigate whether business cycles can imply sizable effects on average unemployment. First, using a … on unemployment: positive shocks reduce unemployment less than negative shocks increase it. For the observed process of … average job finding rate and so the business cycle cost. -- Business cycle costs ; unemployment dynamics …

their unemployment rate rose less than the one of prime-age workers. This view is a myth: older workers are more sensitive …

propose an equilibrium unemployment approach to retirement decisions that allows us to unveil the factors which explain why …