overly long unemployment durations. We examine the infuence of previous wages on unemployment durations for workers after …

of unemployment and low real growth in the United States, or in other countries. Nor have these been of much use in the …

an unemployed persona will accept a job offer), the income replacement rate of unemployment benefit (IRUB) and … understanding of search behaviour and unemployment durations. The data also indicate that the roles of search behaviour and …

curve shifts between 1960 and 2000. A reduction in matching efficiency, that depressed unemployment outflows, shifted the … relating unemployment and vacancies to inflation, the link between these labor market indicators and inflation depends on … Beveridge curve is essential for drawing policy conclusions from the joint behavior of unemployment and job openings. …

This paper examines two key aspects of unemployment-its propagation mechanism and socioeconomic costs. It identifies a … mechanism and the existing pecuniary and nonpecuniary costs of unemployment suggests a fundamental shift in the policy responses … effects of unemployment. The paper discusses several preventative features of the program. …

This paper offers a reappraisal of the inflation-unemployment tradeoff, based on "frictional growth," describing the … these shocks also generate plausible impulse-responses for unemployment. Although our theory contains no money illusion, no … permanent nominal rigidities, and no departure from rational expectations, there is a long-run inflation-unemployment tradeoff. …

level of frictional unemployment as a statistical feature of a decentralized labor market. Shocks to the economy can produce … short-run equilibrium involuntary unemployment arising from unfulfilled expectations. Even after agents align their … negative shock to demand can result in higher levels of equilibrium unemployment. In this way the model exhibits a particular …