. Government incentives to production may alleviate high unemployment in this economy, but at the cost of exacerbating sclerosis …

generates high unemployment in equilibrium, we estimate a structural search model that incorporates both observed heterogeneity … share of youth experiencing long-term unemployment …

foregone unemployment insurance about equally erode the rewards from retaining a job, or starting a new one …

institutional settings where a policy variable (such as weekly unemployment benefits) is determined by an observed but potentially … unemployment insurance benefits on the duration of joblessness in Austria, where the benefit schedule has kinks at the minimum and …

In response to the Great Recession, the availability of unemployment insurance (UI) benefits was extended to an … individual exit from unemployment, and we compare the estimated impact with that for the prior extension of benefits during the … unemployment exit rate and a small increase in the expected duration of unemployment. The effects on exits and duration are …

The flow opportunity cost of moving from unemployment to employment consists of foregone public benefits and the … is procyclical and volatile over the business cycle. The estimated cyclicality implies far less unemployment volatility …

unemployment, these lost work opportunities were costly to existing residents …