stock and flow data to understand key developments. We find dramatic changes in employment, unemployment and labour market …

curve, which draws the classical inverse relation between the job vacancy rate and the unemployment rate, before, during …

We analyze changes in unemployment, marginal labor force attachment and participation in Canada and the U.S. Using two … complementary decompositions, we show the importance for the comparative evolution of aggregate unemployment of changes in the … marginally attached displaying behavior lying between unemployment and non-attachment. The three non-employment states are …

- cancy subsidy, a layoff tax and unemployment benefits. We derive analytical expressions for the optimal setting of each of … replacement rate of unemployment insurance should all rise in recessions. We find this confirmed in a calibration targeted to the …

"recall") unemployment, those "employed but absent from work" for unspecified reasons, or not in the labour force while …

German unemployment insurance system and resulted in a significant reduction in unemployment benefits for the long …-term unemployed. In this paper, we use an incomplete-market model with search unemployment to evaluate the macro-economic and welfare …-run (noncyclical)unemployment rate in Germany by 1.4 percentage points. We also find that the welfare of employed households increases …

, we find a sharp reduction in well-being, equivalent to a two percentage point rise in annual unemployment. The effect is …