endogenous firing as well as a short-time work decision. In recessions, short-time work reduces the unemployment risk of workers … replacement rate can be more effective compared to an increase of the unemployment benefit replacement rate. …

unemployment relative to wage employment, and that self-employment increases with this ratio. To understand the sources of these … matches, and calibrate it to match all transition rates between wage employment, unemployment and self-employment as well as … that labor market frictions affect self-employment as much as unemployment. Labor market frictions also reduce aggregate …

density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …

for economies with either an earnings-related or flatrate unemployment compensation system are considered. A distinctive … feature of the analysis is the comparison of both unemployment compensation systems in a two-country setting. It is … demonstrated that the performance of a system with earnings-related or flat-rate unemployment benefits depends on whether the labor …

In this paper, we introduce two sources of unemployment in a two-factor general equilibrium model: search frictions and … fairness considerations. We find that a binding fair-wage constraint increases the unskilled unemployment rate and can at the … same time lead to a higher unemployment rate for skilled workers, as compared to an equilibrium where fairness …

inflation and unemployment. We focus on the G7 economies plus Spain, and use monthly data –high-frequency data in a macro …. We find that total connectedness is larger for prices (58.28%) than for unemployment (41.81%). We also identify …

This paper provides new evidence on the nature of occupational differences in unemployment dynamics, which is relevant … occupational unemployment. In almost all occupations, we find support for both the structuralist and the hysteresis hypotheses, but … adjusted using traditional seasonal filters. -- Occupational unemployment ; structuralist ; hysteresis ; structural break …