We distinguish and assess three fundamental views of the labor market regarding the movements in unemployment: (i) the … that all the short-run fluctuations automatically turn into long-run changes in the unemployment rate. We assert the …

We distinguish and assess three fundamental views of the labor market regarding the movements in unemployment: (i) the … that all the short-run fluctuations automatically turn into long-run changes in the unemployment rate. We assert the …

that all the shortrun fluctuations automatically turn into long-run changes in the unemployment rate. We assert the …

role for the cyclicality of the unemployment outflow rate, although the contribution of the duration of unemployment is … significant. In contrast, composition effects dampen the cyclicality of the unemployment inflow rate considerably. We further … observe that the initially positive contribution of composition effects to a higher unemployment outflow rate turns negative …

role for the cyclicality of the unemployment outflow rate, although the contribution of the duration of unemployment is … significant. In contrast, composition effects dampen the cyclicality of the unemployment inflow rate considerably. We further … observe that the initially positive contribution of composition effects to a higher unemployment outflow rate turns negative …

increased flow into unemployment in a recession is mainly due to reduced hirings, and hence lower job-to-job transitions, rather …

Blanchard and Wolfers (2000) to analyse the role of the interaction of macroeconomic shocks and labour market institutions for … of the unemployment rate and of worker transitions. …

Blanchard and Wolfers (2000) to analyse the role of the interaction of macroeconomic shocks and labour market institutions for … of the unemployment rate and of worker transitions. …