In this paper, a theory of the natural or equilibrium rate of unemployment is built around a theory of the duration of … a minority are on temporary layoff or have just entered the labor force. Thus, high-unemployment labor markets are … generally ones where jobs are brief and there is a large flow of newly jobless workers. The model of the duration of employment …

The recent European experience of high persistent unemployment has led to the development of theories of unemployment … hysteresis embodying the idea that the equilibrium unemployment rate depends on the history of the actual unemployment rate. This …' incumbent workers rather than by the unemployed. Duration theories explore the idea that the long term unemployed exert much …

of unemployment" as the unemployment rate consistent with a constant rate of inflation in a hypothetical state having no … relative unemployment rates. Other higher estimates of the natural unemployment rate, close to 7 percent in 1980, result from …

of unemployment. It is this body of work we assess in this paper. We reach two main conclusions. First, there has been … think for example about the relation between technological progrss and unemployment. Second, empirical knowledge lags behind … countries. We look at two issues, the relation of wages to unemployment, and the risk of European unemployment …

unemployment benefits on the duration of joblessness in Austria, and discuss implementation issues that may arise in similar …

This paper uses two data sets to examine the impact of the potential duration of unemployment insurance (UI) benefits … on the duration of unemployment and the time pattern of the escape rate from unemployment in the United States. The first … spikes in the escape rate from unemployment for nonrecipients strongly suggests that the potential duration of UI benefits …

that employer screening plays an important role in generating duration dependence; employers use the unemployment spell …This paper studies the role of employer behavior in generating "negative duration dependence" -- the adverse effect of … a longer unemployment spell -- by sending fictitious resumes to real job postings in 100 U.S. cities. Our results …

-funded unemployment insurance program. We show that when the duration of unemployment is very short compared to the period of employment …This paper analyzes a social insurance system that integrates unemployment insurance with a pension program through an … individual account, allowing workers to borrow against their future wage income to finance consumption during an unemployment …

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 … revisions to decompose the variation in the duration of benefits into the part coming from actual differences in economic …

We develop a model of self-sustaining discrimination in wages, coupled with higher unemployment and shorter employment … duration among blacks. While white workers are hired and retained indefinitely without monitoring, black workers are monitored …