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 …

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 …

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 …

equivalent workers fall sharply as unemployment duration progresses. We use the model to quantitatively assess the consequences … of such employer behavior for job finding rates and long term unemployment and find only modest effects given the large … decline in callbacks. Interviews lost to duration impact individual job-finding rates solely if they would have led to jobs …

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

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 …

This paper presents new evidence on why unemployment insurance (UI) benefits affect search behavior and develops a … unemployment durations caused by UI benefits is due to a quot;liquidity effectquot; rather than distortions in marginal incentives …

It is well known that unemployment benefits raise unemployment durations. This result has traditionally been … hazard. This paper questions this interpretation by showing that unemployment benefits can also affect durations through an … proxies such as asset holdings. I find that increases in unemployment benefits have small effects on durations in the …