-run concept like the natural rate of unemployment. We examine what effect uncertainty has on the use of NAIRU in policy …

We propose that the natural rate of unemployment has an active role in the business cycle, in contrast to the … Phillips-curve framework of low---often extremely low---response of inflation to unemployment could be the result of fairly … most Phillips-curve studies, that conclude that inflation has little relation to unemployment. We suggest that the flat …

estimation indicates that a 10 percent drop in the land price leads to a 0.34 percentage point increase of the unemployment rate … facts observed in the data. First, the land price and the unemployment rate tend to move in opposite directions over the … business cycle. Second, a shock that moves the land price is capable of generating large volatility in unemployment. Our …

examine U.S. time series and find that, as the model predicts, unemployment fluctuations are associated with both inflation …

-cycle-frequency fluctuations in unemployment and job vacancies in response to shocks of a plausible magnitude. In the U.S., the vacancy-unemployment … vacancy-unemployment ratio and labor productivity have nearly the same variance. I establish this claim both using analytical … small movement along a downward sloping Beveridge curve (unemployment-vacancy locus). A shock to the job destruction rate …

Unemployment Insurance system to measure the effects of imperfect experience-rating on temporary layoffs and other types of … unemployment. We find a strong negative association between the degree of experience-rating and the rate of temporary layoff … unemployment, with the largest effect in recessionary years and the smallest effect in expansionary years. Increases in the degree …

We examine the first-order internal effects of unemployment on a range of health behaviors during the most recent … decline in total physical activity. We also find that unemployment is associated with a decline in purchases of fast food …

sharp increase in the incidence of long-term unemployment (LTU) during the Great Recession. We first show that compositional … shifts in demographics, occupation, industry, region, and the reason for unemployment jointly account for very little of the … model that allows for duration dependence in the exit rate from unemployment and for transitions between employment (E …