Fujita, Shigeru; Moscarini, Giuseppe - Federal Reserve Bank of Philadelphia - 2013
temporary layoff. Recalls are associated with much shorter unemployment duration and better wage changes. Negative duration … dependence of unemployment nearly disappears once recalls are excluded. We also find that the probability of finding a new job is … function, while recalls are free and triggered by both aggregate and job-specific shocks. The recall option is lost when the …