and perfectly flexible prices and wages, give rise to cyclical variations in unemployment whose character closely …

relates measured unemployment to vacancies and to excess demand. The model has a more sophisticated treatment of dynamics than … earlier disequilibrium models, and uses measured unemployment as an endogenous variable. Two of the error terms are assumed to … estimates computed in various ways are reasonable. The model is used to estimate the natural rate of unemployment as well as a …

Before 1979, unemployment insurance (UI) benefits were not treated as taxable income in the United States. Several … has had the predicted effect of reducing unemployment duration.The study uses data on a sample of persons that filed for … presents persuasive evidence of a tax effect on unemployment duration. The 1979 policy change is estimated to have reduced …

Inthis paper, the relationship between unemployment and property crime is investigated in the context of dynamic system … Granger's causality tests indicate that unemployment by occupation (white and blue collars) is significantly associated with … robbery, which is the most serious property crime. Unemployment by race (white, black, and Hispanic) also supports the above …

response to demand and productivity shifts. Unemployment is sustained because the marginal value of labor is not equated across … transactions cost-mobility constraints. Contracts provide full unemployment insurance for risks that are diversifiable by pooling … value because it reduces lifetime consumption. The main empirical implication of contract theory is shown to be closely …

states of employment, unemployment, and non-participation. The determinants of actual household transitions are then … functions show that increased unemployment among married men has a sizeable short-run effect on both participation and …

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 … efficient. The factors influencing the resulting natural unemployment rate are discussed. Under plausible assumptions, the …