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 …

What are the broad societal implications of inflation and unemployment? Analyzing a dataset of over 1.9 million …, we find that both inflation and unemployment have a negative link with confidence in financial institutions. While … inflation is generally unassociated with confidence in government and leadership approval, unemployment still has a strong …

.e., switching from self-employment to unemployment) are substantial and exceed the costs of involuntarily losing a salaried job (i ….e., switching from salaried employment to unemployment). Meanwhile, leaving self-employment has no consequences for selfreported …

biographies, we estimate the model and decompose welfare costs. We find that unemployment is a small factor: Higher wages and job …

This paper proposes a protocol for considering the social cost of unemployment by taking into account three different … aspects: incidence, severity and hysteresis. Incidence refers to the conventional unemployment rate; severity takes in both … unemployment duration and the associated income loss; and hysteresis refers to the probability of remaining unemployed. The social …

benefits strongly increase due to job loss. -- Social cost of unemployment ; health ; job loss ; plant closure …