This paper proposes a protocol for considering the social cost of unemployment by taking into account three different … aspects: incidence, severity and hysteresis. Incidence refers to the conventional unemployment rate; severity takes in both … unemployment duration and the associated income loss; and hysteresis refers to the probability of remaining unemployed. The social …

The paper presents a model that allows a unified analysis of sickness absence and search unemployment. Sickness appears … affect individual decisions on absence and search and the implications for employment, unemployment and nonparticipation. The …

(market-level effect) to changes in the duration of unemployment insurance (UI) benefits. To implement this approach, we …

(market-level effect) to changes in the duration of unemployment insurance (UI) benefits. To implement this approach, we …

unemployment. Labor market regulations, unemployment benefits, and high levels of public consumption in many European countries …

We examine how a 16-week cut in potential unemployment insurance (UI) duration in Missouri affected search behavior of … estimates to simulate the unemployment rate assuming no market-level externalities. The simulated response, which implies almost … a one percentage point decline in the unemployment rate, closely approximates the estimated change in the unemployment …

policy mix of unemployment insurance agencies. We analyze unique data on three sources of information on the probability of … re-employment within 6 months (RE6), for the same individuals sampled from the inflow into unemployment. First, they were …

-finding rates and the more standard view of negative effects. When unemployment compensation, if any, is low enough, we argue that … conclusion as well. Looking specifically at unemployment compensation, its optimal level is generally higher than when a lower …

the same individuals sampled from the inflow into unemployment. First, they were asked for their perceived probability of …

design of optimalunemployment insurance in an economy with unemployment as well as part-timeunemployment. Part …-time unemployment provides income insurance and serves as astepping stone to full-time jobs. Unemployment benefits for part …-timers increase the outflowfrom unemployment to part-time work but reduce the outflow from part-time work to full-timeemployment. We …