New data compel a new view of events in the labor market during a recession. Unemployment rises almost entirely because … finding from new data is that a large fraction of workers departing jobs move to new jobs without intervening unemployment. I … of the high magnitude actually observed. In the standard theory developed over the past two decades, the wage moves to …

dynamics in the tradition of Mortensen and Pissarides (1994). Our estimates discern 5 distinct types. Most unemployment comes … from just two of those types. Low employment types frequently circle among unemployment, short-term jobs, and being out of … the labor market. Short-term jobs play a role in the job-finding process related to the role of unemployment. These are …

information establishes that any consistent explanation for worksharing, layoffs, severance pay, quits and unemployment must focus …

probability that an unemployed worker finds a job, the ins and outs of unemployment. Since 1948, the job finding probability has … accounted for three-quarters of the fluctuations in the unemployment rate in the United States and the employment exit …

This paper develops a framework for analyzing unemployment in terms of variations in the nt.imber and distribution of … people becoming unemployed and inindividual probabilities of leaving unemployment. Contrary to the emphasis on exit … the size and distribution of the inflow Into unemployment are the primary determinant of the unemployment rate. Instead of …

similarity of the pattern of segmentation across 66 different countries. The paper goes on to consider how unemployment might be … understood in a labor market segmentation framework. Existing models of unemployment in a dual labor market suggest that … unemployment should be concentrated among those who are ultimately employed in high wage jobs. In fact, unemployment seems to be …

analyze data from the SIPP and find that the wages for new hires coming from unemployment are no more cyclical than those of …

Recent critiques have demonstrated that existing attempts to account for the unemployment volatility puzzle of search … reproduces the observed fluctuations in unemployment because hiring a worker is a risky investment with long-duration surplus … benefit from creating new matches greatly drops, leading to a large decline in job vacancies and an increase in unemployment …