One of the strongest trends in recent macroeconomic modeling of labor market fluctuations is to treat unemployment … of Unemployment,quot; i.e., the extent to which increased unemployment during a recession arises from an increase in the … number of unemployment spells versus an increase in their duration. After broadly reviewing the previous literature, we …

This short note emphasizes and illustrates two basic points: (1) The private costs of unemployment, i.e., the costs … cause of the permanently high unemployment rate in the United States. (2) The social costs of unemployment, i.e., the costs … of unemployment to the nation as a whole regardless of how they are distributed, must be judged by considering the …

unemployment and that rising homeownership in OECD countries since the 1960s provides a key explanation for the rise in the natural … rate of unemployment over the same time period. Recent tests of the Oswald thesis have found the opposite. This study … (private, public, and rent-free) and by examining data from Australia, rather than the U.S. We demonstrate that the recent anti …

Using two large US surveys, we estimate the effects of unemployment on the subjective well-being of the unemployed and … the rest of the population. For the unemployed, the non-pecuniary costs of unemployment are several times as large as … still employed, a one percentage point increase in local unemployment has an impact on well-being roughly equivalent to a …

This paper reviews a new framework for analyzing the interrelationship between inequality, unemployment, labor market …. It implies that the opening of trade may raise inequality and unemployment, but always raises welfare. Unilateral … reductions in labor market frictions increase a country's welfare, can raise or reduce its unemployment rate, yet always hurt the …

increased government purchases crowd out private consumption? 2) do increased government purchases reduce unemployment? Farmer … also reduce unemployment …

of real shocks. Consequently, more advanced economies should have higher unemployment rates and be more prone to crisis …

unemployment rates affect the likelihood of divorce. With 89,340 observations over the 1978-2006 period for 7633 couples from the … 1979 NLSY, we find mixed evidence on whether increases in the unemployment rate lead to overall increases in the likelihood … unemployment rates …

which there are multiple equilibrium unemployment rates. The model has two equations in common with the new-Keynesian model …