unemployment at business cycle frequencies by using administrative data on registered unemployment and labor force surveys. We … first investigate the fluctuations in steady state unemployment, and then in current unemployment in order to take into … account the unemployment deviations from equilibrium. Our results show the dominant role of the job finding rate in accounting …

performance. Our analysis has two special features. First, apart from the two labour market states - employment and unemployment … that a shock to the net flow from unemployment to employment drive the unemployment rate and the participation rate in … interact and affect the evolution of unemployment rates and participation rates, the two main indicators of labour market …

The persistence of U.S. unemployment has risen with each of the last three recessions, raising the specter that future … shocks do not systematically lead to more persistent unemployment than monetary policy shocks, so these cannot explain the … rising persistence of unemployment. Second, monetary and fiscal policies can account for only part of the evolving …

We document that fluctuations in part-time employment play a major role in movements in hours per worker, especially … margin based on a stock-flow framework. The evolution of part-time employment is predominantly explained by cyclical changes … in transitions between full-time and part-time employment, which occur overwhelmingly at the same employer and entail …

the housing bust. An analysis of employment and unemployment rates over the past 15 years shows that immigrants' labor … market outcomes are more cyclical than those of natives. The greater cyclicality of immigrants' employment and unemployment …-sensitive employment outcomes than college-educated natives …

participation. A model that is calibrated to replicate the variability of unemployment and participation, and the negative … correlation of unemployment and GDP, implies an aggregate labor supply elasticity along the extensive margin of around 0.3 for men …

Will the current employment crisis produce lost generations with permanently lower labour market attachment? Taking an … explicit cohort perspective and based on Danish data we do not find strong persistence in employment rates at the cohort level … assessments of persistence in aggregate employment rates …

In this paper, we analyse differences in the cyclical pattern of employment and wages of immigrants and natives for two … cycle component. We find significantly larger unemployment responses to economic shocks for low-skilled workers relative to …

Existing models of equilibrium unemployment with endogenous labor market participation are complex, generate … procyclical unemployment rates and cannot match unemployment variability relative to GDP. We embed endogenous participation in a … extensive-margin labor supply elasticity. A calibration of the model to macro data not only matches employment and participation …