receive higher wages than employed singles. The model is applied to a welfare analysis of alternative unemployment insurance … the labor market. We show that equilibrium entails wage dispersion among equally productive risk-averse workers. Marital … status as well as spousal labor market status matter for wage outcomes. In general, employed members of two-person families …

This paper examines the movements in EU unemployment from two perspectives: a) the NRU/NAIRU perspective, in which … unemployment movements are attributed largely to changes in the long-run equilibrium unemployment rate and (b) the chain …-reaction perspective, in which unemployment movements are viewed as the outcome of the interplay between labor market shocks and prolonged …

As a measure of labor market strength, the raw employment-to-population ratio (EPOP) confounds employment outcomes with … labor supply behavior. Movement in the EPOP depends on the relative movements of the employment rate (one minus the … unemployment rate) and the labor force participation rate. This paper proposes an adjustment to the calculation of the EPOP using …

we examine the policy effects of the minimum wage, unemployment benefits and search frictions. … applied to aggregate duration data. It does not require wage data, it is invariant to the way in which wages are determined …

This paper provides a critique of the "unemployment invariance hypothesis", according to which the behavior of the … labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity and … the equilibrating mechanisms to ensure unemployment invariance; in particular, other markets may perform part of the …

Should unemployment compensation be paid indefinitely at a fixed rate or should it decline (or increase) over a worker …'s unemployment spell? We examine these issues using an equilibrium model of search unemployment. The model features worker …-firm bargaining over wages, free entry of new jobs, and endogenous search effort among the unemployed. The main result is that an …

Using recent results in the measurement error literature, we show that the official U.S. unemployment rates … substantially underestimate the true levels of unemployment, due to misclassification errors in labor force status in Current …. During the period of 1996 to 2009, the corrected monthly unemployment rates are 1 to 4.6 percentage points (25% to 45 …

Using recent results in the measurement error literature, we show that the official U.S. unemployment rate … substantially underestimates the true level of unemployment, due to misclassification errors in the labor force status in the … Current Population Survey. During the period from January 1996 to August 2011, the corrected monthly unemployment rates are …

, the government's duty to provide jobs has shifted to government support for a measure designed to create new employment … unemployed workers is about three million12.75 percent of the country's labor force. To realize the desire of the Iranian people … to achieve full employment and social justice, the government must implement employment guarantee schemes, or EGS, in the …

Keynes had many plausible things to say about unemployment and its causes. His "mercurial mind", though, relied on … employment function as a sore spot. It is replaced by the structural employment function, which also supersedes the bastard … unemployment. …