the fragility of low-seniority jobs implies that layoff costs reduce the average job duration and increase unemployment …

This paper presents a short overview of dynamic models of labor markets with transaction costs. It shows that these … models have deeply renewed the understanding of job search, job flows, job creations and destructions, unemployment and wage … optimal level of unemployment benefits, the funding of unemployment insurance and the impact of employment protection …

Individual labour market transitions from unemployment into temporary work are often succeeded by a transition from … unemployment to temporary jobs and unobserved determinants of the transition rates. The data contain multiple spells in labour … unemployment and they substantially increase the fraction of unemployed workers who have regular work within a few years after …

2008-2009 crisis. This paper discusses the efficiency of this type of policy and investigates its impact on unemployment … unemployment during downturns. All in all, it seems that short-time work programs used in the recent downturn had significant …

flexible multi-state Mixed Proportional Hazard specifications for transition rates between employment, unemployment, and …' transition rates from unemployment to employment increase. Longer periods of non-employment generally decrease future transition …