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 …