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 …

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 …

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 …

We develop a computable general equilibrium model of the United States economy to study the unemployment effects of … carbon tax on aggregate unemployment is small and similar across the two labor mobility assumptions (0.2–0.3 percentage … points). The effect on unemployment in fossil fuel sectors is much larger under the immobility assumption – a 30 percentage …

unemployment to employment in routine occupations, (ii) that from labor force non-participation to routine employment, and (iii …

This paper develops new estimates of flows into and out of unemployment that allow for unobserved heterogeneity across … workers as well as direct effects of unemployment duration on unemployment-exit probabilities. Unlike any previous paper in … shocks to the short-run, medium-run, and long-run variance of unemployment as well as to specific historical episodes. We …

direction and convexity of the age-unemployment relationship and the impact of experience on turnover and wages. Actions taken … when unemployed have an important impact on equilibrium turnover rates, unemployment rates, and the work history of the … pool of unemployed. The sorting model is used to analyze racial differences in youth unemployment and major empirical …