This paper analyzes the effects of different labor market institutions on inflation and output volatility. The eurozone … on inflation volatility, which can also be rationalized by our theoretical model … could account for volatility differences across member states, but labor market characteristics have remained very diverse …

business cycle volatility, hinting at a stabilizing effect of public employment, while public wages correlate weakly and … positively with business cycle volatility, hinting at a destabilizing effect of public wages. To explain these relationships, we …

This paper studies the mechanisms driving the persistently high unemployment rate during the last recession and mild …, we propose a methodology to decompose changes in the unemployment rate into worker inflows and outflows across industry …

. We show that ERTEs stabilize unemployment rates by allowing workers to remain with their employers in highly affected … sectors. However, they crowd-out labor hoarding of employers, increase the volatility of the rate of people working and …

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 …

distinguishing job-to-job, job-to-unemployment, and other transitions. We find that job-to-job transitions are pro-cyclical, while … unemployment transitions are counter-cyclical. Individuals most affected by the economic crisis tend to be young males, living in … regions with high unemployment rates, with low qualifications and working in manual occupations (particularly construction …

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 …

what extent business cycles or unemployment levels influence entries into entrepreneurship. Our analysis for Germany … reveals that there is a positive relationship between unemployment rates and start-up activities. Moreover, new business … disentangling periods of low and high unemployment we find that the effect of unemployment on new business formation is only …

On the basis of aggregate data for the early nineties, we analyse the determinants of unemployment duration for laid …

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