China decreases unemployment rates, especially among males and high school graduates. However, the policy also decreases …

. The distribution of unemployment worker types adjusts slowly, which amplifies job creation in the short run. In the long … run, falling unemployment curtails the firms' vacancy posting. The model closely matches time-series moments from U …

of labor policies (and other changes in the economy) on the composition of unemployment and on unemployment duration, as … well as on wage distributions. The effect of introducing a simple unemployment insurance scheme is then twofold. First, it … increases unemployment by allowing a greater proportion of low types not to match, which decreases output. Second, it decreases …