This paper provides a unified account of the trends in unemployment and labor force participation pertaining to the … the United States, (ii) the similar but more pronounced decline in Europe alongside rising unemployment rates and (iii …) differences across European countries in the role played respectively by unemployment and labor force participation. The model …

over this period, but ultimately explains little of the rise in unemployment. Third, only a small share of the increase in … unemployment can be attributed to the early retirement policies that were implemented in Europe from the 1970s up until the early … aiming to explain the European unemployment problem. …

Although the size of the labor force is nearly acyclical, worker flows between employment and unemployment on the one … paper lays out a job-search model to uncover the determinants of worker flows between employment, unemployment and … unemployed rather than employed when the aggregate job-finding rate is below trend. Hence the countercylicality of the …

We study the effects of front-loading the payment of unemployment benefits in an equilibrium matching framework with … precautionary savings. Front-loading the benefit system trades off fewer means to smooth consumption at long unemployment durations …

Survey (LFS) to construct worker transition rates across employment, unemployment, and inactivity. Our approach involves … of job search from inactivity compared to unemployment. This factor provides enough structure to prevent arbitrary … splitting of unemployment outflows between employment and inactivity. In turn, the estimated job search factor can be used in a …