This paper proposes a protocol for considering the social cost of unemployment by taking into account three different … aspects: incidence, severity and hysteresis. Incidence refers to the conventional unemployment rate; severity takes in both … unemployment duration and the associated income loss; and hysteresis refers to the probability of remaining unemployed. The social …

using the micro-data, this paper shows that this state of non-searching unemployment or discouragement has increased more … some of the jobless with considerable movements between the two categories of unemployment. These findings from the first … unemployment, which includes discouraged workers. In response to these labour market challenges, the government should further …

This paper analyses the potential impacts of introducing unemployment insurance (UI) in middle income countries using … unemployment and three employment sectors: formal and informal wage employment, and self employment. The parameters of the model … informal, formal and self employed workers. The results suggest that unemployment insurance would have only a modest negative …

In response to the 2007-09 “Great Recession,” the maximum duration of U.S. unemployment benefits was increased from the … microdata from the Current Population Survey. I find that a 10-week extension of UI benefits raises unemployment duration by …

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 and its duration distribution. Using the SIPP, we document the relation between workers' (gross and net) occupational … mobility and unemployment duration over the long run and business cycle. To interpret this evidence, we develop an analytically … countercyclical net occupational mobility, the large volatility of unemployment and the cyclical properties of the unemployment …

market flows and reduce unemployment duration. Without attempting to evaluate the specific components of these Hartz reforms …