The COVID-19 pandemic has upended the U.S. economy and labor market. We assess the initial spike in unemployment due to … the virus response and possible paths for the official unemployment rate through 2021. Substantial uncertainty surrounds … the path for measured unemployment, depending on the path of the virus and containment measures and their impact on …

This paper provides a unified account of the trends in unemployment and labor force participation pertaining to the … institutions in ways that deteriorate employment. The model explains simultaneously: (i) the fall in labor force participation in … the United States, (ii) the similar but more pronounced decline in Europe alongside rising unemployment rates and (iii …

, which leads to expectation of reversal. -- Unemployment ; flexibility ; temporary contracts ; unemployment duration … ; unemployment recurrence ; on the job search ; labor force composition …

unemployment is affected by different labour market institutions (LMI) such as labour taxes, unemployment benefits, employment …The development of the unemployment rate differs substantially between OECD countries. In recent years some countries … experienced a mild increase, other countries had a stable unemployment rate, while there are also 'successful' countries in which …

market institutions on informal economic activity. The measure of informal economic activity is taken from Schneider et al …. (2010), the most comprehensive study to date. The data on institutions, which cover employment protection legislation (EPL …), the tax wedge, the unemployment benefit level, unemployment benefit duration and union density, are assembled at the IZA …

; Europe ; US ; institutions in the labour and product market …

rich individual-level data from the quarterly Labor Force Surveys. We find that the lockdown increases the unemployment …