labor force reallocation. We show that worker flows between jobs in different industries are rare relative to the …. In fact, evidence suggest that changes in the demand for labor were accommodated mostly through demographic flows, with a …

labor market institutions are similar and their unemployment rates just before the crisis were both around 8%. Yet, in …This paper analyzes the strikingly different response of unemployment to the Great Recession in France and Spain. Their … France, unemployment rate has increased by 2 percentage points, whereas in Spain it has shot up to 19% by the end of 2009. We …

employment, unemployment and inactivity, from several angles. I examine aggregate conditional transition probabilities, job … contributions of job-finding and job-separation rates to fluctuations in the unemployment rate. Over the past cycle, the job …

We examine the impact of real oil price shocks on labor market flows in the U.S. We first use smooth transition … regression (STR) models to investigate to what extent oil prices can be considered as a driving force of labor market … (iii) they bring a new amplification mechanism for the volatility and should thus be seen as complementary of labor …

The recent financial crises, alongside a dramatic rise in unemployment on both sides of the Atlantic, suggest that … financial shocks do translate into the labor markets. In this paper we first document that financial recessions amplify labor … shocks to job destruction, presenting and solving a simple model of labor market search and endogenous finance. While finance …

A key question in labor market research is how the unemployment insurance system affects unemployment rates and labor … causally link our empirical findings to the reduction in long-term unemployment benefits using a heterogeneous-agent labor … 76% of declining unemployment after the reform, a fact unexplained by existing research focusing on job finding rates …

This paper analyzes Germany's unusual labor market experience during the Great Recession. We estimate a general … equilibrium model with a detailed labor market block for post-unification Germany. This allows us to disentangle the role of … institutions (short-time work, government spending rules) and shocks (aggregate, labor market, and policy shocks) and to perform …

employment level. Immigrants, being new to the labor market, may be less aware of employment protection regulations and less …

causes of the unemployment upturn in 1973-1983 and the subsequent decline in 1993-2006. Our results show that (i) the main … determinants of the unemployment rise in the 1970s and early 1980s were wage-push factors, the two oil price shocks and the … increase in interest rates, and (ii) the acceleration in capital accumulation was the crucial driving force of unemployment in …

We revisit the hypothesis that labor market fluctuations are driven by shocks to the discount rate. Using a model in …