We build an analytically and computationally tractable stochastic equilibrium model of unemployment in heterogeneous … countercyclical unemployment, and is simultaneously consistent with procyclical reallocation, countercyclical separations and a … negatively-sloped Beveridge curve. Moreover, the model exhibits unemployment duration dependence, which (when calibrated to long …

which unemployment experiences have a scarring effect on British men during the Great Recession. Second, it provides an … insight into the relation between true state dependence and the business cycle by investigating the role of local unemployment … in affecting the persistence of unemployment incidence and by analysing the dynamics of unemployment scarring in the last …

of job losses, suggesting that unemployment typically comes as a surprise. …

its successor Understanding Society. We find that the unemployment rate on leaving full-time education has large impacts …