This paper draws on household survey data from countries of all income levels to measure how average unemployment rates … vary with income per capita. We document that unemployment is increasing with GDP per capita. Furthermore, we show that … per capita, rather than by high-educated workers, whose unemployment rates are not correlated with income. To interpret …

heterogeneity. In contrast to simpler models that attribute all income fluctuations to shocks, our framework disentangles … productivity risk is greater than the value of unemployment insurance which provides (partial) insurance against employment risk …

of Income Dynamics. The results show large and persistent effects of displacement on average, with earnings and wages …

earnings and employment and increases social income transfers, although we caution that the results are based on small samples …

rents from holding a full-time $15 per hour job relative to unemployment are worth about $20,000, more than seven times …

, population, income growth and distribution, and migration trends are endogenous. We derive new insights about the impact of … migration on long-term income growth and distribution, and the net benefits to natives in both destination and source countries …

the share of income they hold. We provide a cautionary tale from Australia of how comprehensive tax reform legislation in …Atkinson, Piketty, and Saez (2011) survey an important new literature using income tax-based data to measure the share … of income held by top income groups. But changes in tax legislation that expand the tax base to include income sources (e …

This short note emphasizes and illustrates two basic points: (1) The private costs of unemployment, i.e., the costs … cause of the permanently high unemployment rate in the United States. (2) The social costs of unemployment, i.e., the costs … of unemployment to the nation as a whole regardless of how they are distributed, must be judged by considering the …