We develop a multi-sectoral matching model to predict the impact of the lockdown on the US unemployment, considering … and business closures that hit the workers with the first level of education explains the abruptness of the unemployment …-crisis unemployment level could be reached in 2024 in a scenario with a double wave. In the same scenario, a calibration on French data …

low-paid workers' submarkets. The model fits the job finding, job separation, and unemployment rates well. It also … of the aggregate shock that allows generating the US labor market fluctuations has a correlation with unemployment that …

their unemployment rate rose less than the one of prime-age workers. This view is a myth: older workers are more sensitive …-life expectancy endogenously reduces their outside options and leads their wages to be less sensitive to the business cycle. Thus, in …

In this paper, we investigate whether business cycles can imply sizable effects on average unemployment. First, using a … on unemployment: positive shocks reduce unemployment less than negative shocks increase it. For the observed process of …

unemployment benefits for older workers helps explain the low rate of employment just before the early retirement age. Decreasing …

propose an equilibrium unemployment approach to retirement decisions that allows us to unveil the factors which explain why …

This paper develops a life-cycle approach to equilibrium unemployment. Workers only differ respectively to their …