-Mortensen-Pissarides model. Log linearization under- states the mean and volatility of unemployment, but overstates the volatility of labor … market tightness and the magnitude of the unemployment-vacancy correlation. Log linearization also understates the impulse … responses in unemployment in recessions, but overstates the responses in the market tightness in booms. Finally, the second …

We study unemployment insurance in a framework where the main source of heterogeneity among agents is the type of … aggregate wealth moments. Our central finding is that changes to the current unemployment insurance program are valued … differently by married and single households. In particular, a more generous unemployment insurance reduces the welfare of married …

over this period, but ultimately explains little of the rise in unemployment. Third, only a small share of the increase in … unemployment can be attributed to the early retirement policies that were implemented in Europe from the 1970s up until the early … aiming to explain the European unemployment problem. …

I model job-search monitoring in the optimal unemployment insurance framework, in which job-search effort is the worker …'s private information. In the model, monitoring provides costly information upon which the government conditions unemployment …

In this paper, we investigate the causes and consequences of "unclaimed" unemployment insurance (UI) benefits. A search … collecting, with improper denials accounting for 8% of the total cost. The endogenous collection costs imply the unemployment … net of vacancy costs. Moreover, this change has minimal impact on the unemployment rate. …