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

Using the monthly CPS, the author estimates unemployment-to-employment (UE) transition rates and unemployment …-to-inactivity (UN) transition rates by unemployment duration for male workers. When estimated for the period of 2004-2007, during which … that the benefit extensions in recent years have raised male workers' unemployment rate by 0.9-1.7 percentage points …

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 …

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 …

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

for only a small portion of the fluctuations in unemployment and vacancies (Shimer (2005a)). In this paper, the author … vintages of entrants are able to account for fluctuations in unemployment and vacancies and that, in this environment, specific …

cycle dynamics of separation and job finding rates and to quantify their contributions to overall unemployment variability …. Cyclical changes in the separation rate lead those of unemployment, while the job finding rate and unemployment move … contemporaneously. Fluctuations in the separation rate explain between 40 and 50 percent of fluctuations in unemployment, depending on …

unemployment and vacancies with a realistic replacement ratio of the unemployment insurance benefits of 64 percent. Second, labor … value of unemployment close to the value of employment, which is crucial in generating a strong amplification, even with the … properties of unemployment and vacancies: Most workers are well insured only with self-insurance. Fourth, the model better …

-market policy instruments, namely, a vacancy subsidy, a layoff tax and unemployment benefits. The authors derive analytical … that hiring subsidies, layoff taxes and the replacement rate of unemployment insurance should all rise in recessions. The …