Why do people join open-shop unions when they would receive union wage rates even if they were not members? Why are … considers the idea that unions offer insurance against victimization and arbitrary dismissal. Consistent with our theoretical … approach, we find that union density is greatest, ceteris paribus, within establishments in areas of high unemployment …

pandemic recession. We first measure the contribution of temporary layoffs to unemployment dynamics over the period 1979 to the … due to “loss-of-recall”, whereby workers in temporary-layoff unemployment lose their job permanently and do so at higher … both temporary-layoff and jobless unemployment. The model captures well pre-pandemic unemployment dynamics and shows how …

recovered but unemployment lingered). This paper presents a model that captures these three facts. The key elements of the model …

Many countries have policies aimed at creating jobs in depressed areas with high unemployment rates. In standard … develop a stylized model of frictional local labor markets with the goal of studying the efficiency of unemployment … housing costs, and lower unemployment rates. Although workers can move freely to arbitrage away differences in expected …

Why are financial crises associated with a sustained rise in unemployment? We develop a tractable model with frictions … unemployment. We then explore the micro-level impact by tracking the employment dynamics for firms of different sizes and ages. The …

-skilled labor markets, increasing unemployment of native low skilled. Legalization, instead decreases the unemployment rate of low …

of its effect on employment and unemployment. Our discussion of the theory emphasizes recent work using two-sector and … heterogeneous-worker models. We then summarize and evaluate the large literature on employment and unemployment effects of the …

By how much does an extension of unemployment benefits affect macroeconomic outcomes such as unemployment? Answering … this question is challenging because U.S. law extends benefits for states experiencing high unemployment. We use data … and find that they increased the unemployment rate by at most 0.3 percentage point …

evolution of the labor share, the profit rate, the capital/output ratio, and unemployment which we examine more particularly in …