. 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 …

recovered but unemployment lingered). This paper presents a model that captures these three facts. The key elements of the model …

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 …

Many countries have policies aimed at creating jobs in depressed areas with high unemployment rates. In standard … develop a stylized model of frictional local labor markets with the goal of studying the efficiency of unemployment … housing costs, and lower unemployment rates. Although workers can move freely to arbitrage away differences in expected …

document that large inflationary spikes appear to help unemployment to get back to pre-crisis levels. However, the counterpart …. This suggests that currency depreciation can help reduce unemployment only insofar as it is associated with inflation, and …