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

The recent financial crises, alongside a dramatic rise in unemployment on both sides of the Atlantic, suggest that … on liquidity are hit disproportionally hard. This may explain why the unemployment rate in the US during the Great …

This paper assesses the impact that the 2009 Great Recession had on individual's transitions to and from unemployment … in Ireland. The rate of transition from unemployment to employment declined between 2006 and 2011, while the rate from … employment to unemployment increased. The impact of some of the factors identified as contributing to the likelihood of a …

interact and affect the evolution of unemployment rates and participation rates, the two main indicators of labour market … 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 …

their unemployment rate rose less than the one of prime-age workers. This view is a myth: older workers are more sensitive …

density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …

This paper provides revealed-preference estimates of the monetary value of avoiding job search in a high-unemployment … home-state unemployment rate. Comparing these estimates to realized losses in post-service civilian earnings resulting from … exiting the military during times of high unemployment suggests that mitigating factors (e.g., leisure, private and public …

margin since it is driven by flows from permanent wage employment to unemployment. We also show that older, non-Latvian and …