unemployment in the U.S. labor market. In the empirical analysis, we document that the similar cyclical behavior of involuntary … part-time work and unemployment masks major differences in the underlying dynamics. Unlike unemployment, variations in … from unemployment from a worker's perspective. We also quantify the welfare costs of cyclical fluctuations in involuntary …

This paper analyses the relation between US inflation and unemployment from the perspective of quot;frictional growth … policy has not only persistent, but permanent real effects, giving rise to a long-run inflation-unemployment tradeoff. We … the US unemployment and inflation trajectories during the nineties …

frictions and unemployment insurance, when the latter is only imperfectly related to search effort. A balanced social insurance … volatility and persistence of vacancies and unemployment …

This paper addresses the question of why high unemployment rates tend to persist even after their proximate causes have …