Licensed workers could be shielded from unemployment during recession since occupational licensing laws are asymmetric …-in-differences event study research design that exploits cross-state variation in licensing laws to compare the unemployment rate between …, we find that licensing shields workers from a recession-induced increase in the unemployment rate of 0.82 p.p. during …

employment is the efficient unemployment rate, u*. We define u* as the unemployment rate that minimizes the nonproductive use of …). Accordingly, the efficient unemployment rate is the geometric average of the unemployment and vacancy rates: u* = √uv. We compute …

.g., by reducing the threat of unemployment after management opposition or employer retaliation in response to a unionization …

How has the internet affected search and hiring, and what are the implications for aggregate unemployment? Answering … indicate that the steady-state unemployment rate fell by as much as 14% due to the broadband internet expansion …

workers are unemployed. Both the reemployment hazard rate and reemployment earnings steadily fall with unemployment duration …