The aim of this paper is to analyze and estimate salient characteristics of unemployment dynamics. Movements in … unemployment are viewed as "chain reactions" of responses to labor market shocks, working their way through systems of interacting … aggregate measures of unemployment responses to temporary and permanent shocks. These measures are temporal (depicting how long …

This paper challenges what is the standard account of UK unemployment, namely that the major swings in unemployment … unemployment are due, instead, to very prolonged after-effects of persistent (transitory but long-lasting) shocks. We argue that (a …) past UK labour market shocks have prolonged after-effects on unemployment due to interactions among different lagged …

We explore the far-reaching implications of replacing current unemployment benefit (UB) systems by an unemployment … balances in these accounts are available to them during periods of unemployment. The government is able to undertake balanced … model for the high unemployment countries of Europe. Our results suggest that this policy reform would significantly change …

We present a proposal for reforming unemployment assistance in Germany through the introduction of unemployment … accounts (UAs). Instead of paying taxes that finance the unemployment assistance, employed people make ongoing contributions to … their UAs and can make withdrawals from these accounts during periods of unemployment. The aim of this policy proposal is to …

. We use a New Keynesian model with unemployment to predict the effects of different labor market institutions on …

This paper explores the optimal design of subsidies for hiring unemployed workers (?employment vouchers? for short) in … employment and unemployment, the analysis shows how the optimal policy depends on the rates of hiring and firing, and on the … unemployment benefits in optimal policy design. We calibrate the model and evaluate the effectiveness of employment vouchers in …