adjustment in lieu of layoffs by providing prorated unemployment compensation to workers on reduced hours. This paper compares …

-state conditions of the model, suggest the reform contributed to 10% of the reduction in unemployment during the period of study …

European nations substitute between employment protection regulations and labor market expenditures (e.g., unemployment …

and Sweden). We conduct inference with mixed frequency data, combining quarterly series for unemployment, vacancies, GDP …, consumption, and investment, with annual data on unemployment flows. Parameters and shocks are estimated separately for each … country, which can then vary in terms of search and hiring costs, workers' bargaining power, unemployment benefits levels …

This paper develops a rational expectations model with multiple equilibrium unemployment rates where the price of … a permanent reduction in wealth and consumption and a permanent increase in the unemployment rate. My work suggests that …

autarky to free trade doubles the European unemployment rate, while it raises the American unskilled wage to the high European … level. Entry of the unskilled South to world markets raises unemployment in Europe. But Europe's commitment to the high wage …-for-dollar, while European unemployment rises one-for-one. We consider a stylized game of the choice of factor market institutions …

-market recovery from financial crises is characterized by either higher unemployment ("jobless recovery") or a lower real wage …

labor markets. We find that workers age 62 to 69 are responsive to the unemployment rate and to long-run fluctuations in … the rising unemployment rate will be almost 50 percent larger than the decrease in retirement brought about by the stock …