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 …

unemployment. We show that heterogeneity, reflecting differences in match quality and worker assets, reduces the extent of … fluctuations in separations and unemployment. We find that the model faces a trade-off--it cannot produce both realistic dispersion … in wage growth across workers and realistic cyclical fluctuations in unemployment …

employment is the efficient unemployment rate, u*. We define u* as the unemployment rate that minimizes the nonproductive use of … vacancies, u + v. Through the Beveridge curve, the number of vacancies is inversely related to the number of jobseekers. With …). Accordingly, the efficient unemployment rate is the geometric average of the unemployment and vacancy rates: u* = √uv. We compute …

movements in GDP, unemployment, vacancies, and wages in the period from 2007 until 2011. We show that contractionary financial … important in the U.K. and Sweden than in the U.S., but matching efficiency improved in Germany, helping to keep unemployment low …. A counterfactual experiment suggests that unemployment in Germany would have been substantially higher if the German …

the extent to which the high unemployment is structural, not cyclical. This essay views the Beveridge Curve pattern of …Whenever unemployment stays high for an extended period, it is common to see analyses, statements, and rebuttals about … unemployment and vacancy rates and the related matching function as proxies for the functioning of the labor market and explores …

Using data from a social experiment, we estimate the impact of training on the duration of employment and unemployment … unemployment spells lead to biased estimates of the effects of training. We present and implement several econometric approaches … unemployment spells …

Reemployment bonus experiments offer large lump sum payments to unemployment insurance (UI) recipients who find a job … Illinois and discusses the implications of the experiments for theories of unemployment and policy design. I examine the hazard … rate of exit from unemployment and find that it is significantly higher for the experimental groups, but only during the …

implied by new unemployment claims: we estimate 20 million lost jobs by April 6th, far more than jobs lost over the entire … rise in the unemployment rate over the corresponding period to be surprisingly small, only about 2 percentage points. Third …