This paper develops new estimates of flows into and out of unemployment that allow for unobserved heterogeneity across … workers as well as direct effects of unemployment duration on unemployment-exit probabilities. Unlike any previous paper in … shocks to the short-run, medium-run, and long-run variance of unemployment as well as to specific historical episodes. We …

unemployment rate at labor market entry for each birth cohort and state-of-birth cell based on average state migration rates and …

analyze data from the SIPP and find that the wages for new hires coming from unemployment are no more cyclical than those of …

employment growth rates across sectors (G) and the unemployment rate implies that shifts in demand from some sectors to others … are responsible for a substantial fraction of cyclical variation in unemployment. This paper demonstrates that, under … the unemployment rate. Two tests are developed which permit one to distinquish between a pure sectoral shift …

We compare patterns of unemployment and joblessness between Canada and the U.S. during the Great Recession. Similar to … previous findings for the U.S. in Kroft et al. [2016], we document a rise in long-term unemployment in Canada. This increase is … us to model duration dependence in all labor force flows involving either unemployment or non-participation. To calibrate …

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 …

One of the strongest trends in recent macroeconomic modeling of labor market fluctuations is to treat unemployment … Unemployment," i.e., the extent to which increased unemployment during a recession arises from an increase in the number of … unemployment spells versus an increase in their duration. After broadly reviewing the previous literature, we replicate and extend …

-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 …

In recessions, unemployment increases despite the--perhaps counterintuitive--fact that the number of unemployed workers … finding jobs expands. We propose a theory of unemployment fluctuations resting on this countercyclicality of gross flows from … unemployment into employment. In recessions, the abundance of new hires "congests" the jobs the unemployed fill--diminishing their …