impeded by the system of social assistance. As a consequence, unemployment increased. …

Standard macroeconomic models underpredict the volatility of unemployment fluctuations. A common solution is to assume … jobs. This form of wage rigidity does not affect job creation and thus cannot explain the unemployment volatility puzzle …

. We use a New Keynesian model with unemployment to predict the effects of different labor market institutions on …This paper analyzes the effects of different labor market institutions on inflation and output volatility. The eurozone …, but stands in stark contrast to the search and matching model. While labor market institutions have a large effect on …

We show that the largest increase in unemployment benefits in U.S. history had large spending impacts and small job …

characteristics of the unemployed are the most important determinants of reservation wages. In contrast neither unemployment duration … nor different kinds of unemployment benefits influence reservation wages. Hence the findings corroborate the hypothesis …

, whereby special focus is placed on unemployment duration. The results of the study indicate that in contrast to reservation … wages, offered wages decline considerably with duration of unemployment. This is the main reason that ratios of reservation … wages to offered wages increase rapidly with duration of unemployment; on average, reservation wages begin to exceed offered …