Wages are only mildly cyclical, implying that shocks to labour demand have a larger short-run impact on unemployment …

links both the cyclical fluctuations and the mean level of unemployment to the aggregate business cycle risk. The key result … of the paper is that business cycles are costly for all consumers, regardless of their wealth, yet that unemployment … fluctuations themselves are not the source of these costs. Rather fluctuations over the cycle induce higher average unemployment …

increasing unemployment transfers is partially offset by a partner's lower unemployment and wages …

workers return to their previous employer after a jobless spell and experience very different unemployment and employment …

market outcomes than job switchers. Over 40% of all workers separating into unemployment regain employment at their previous … temporary layoff. Recalls are associated with much shorter unemployment duration and better wage changes. Negative duration … dependence of unemployment nearly disappears once recalls are excluded. We also find that the probability of finding a new job is …

are collective dismissal, fixed term contracts, contract labour, trade unions and unemployment insurance. Although the …