- 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 …

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

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