interact and affect the evolution of unemployment rates and participation rates, the two main indicators of labour market … performance. Our analysis has two special features. First, apart from the two labour market states - employment and unemployment … that a shock to the net flow from unemployment to employment drive the unemployment rate and the participation rate in …

This paper studies the relationship between the change in the unemployment rate and output growth using an approach … recessions. The framework also highlights the potential misspecification in conventional models of Okun's Law unless stringent …

With the emergence of the Great Recession unemployment insurance (UI) is once again at the heart of the policy debate … identify potential areas of future research. -- unemployment insurance ; unemployment dynamics ; job search ; labor market …

We model how unemployment benefit sanctions - benefit reductions that are imposed if unemployed do not comply with job … search guidelines - affect unemployment. In our analysis we find that not only micro effects concerning the behavior of … benefit sanctions are more effective in reducing unemployment than an across the board reduction in the replacement rate. …

This paper analyzes the design of optimal unemployment insurance in a search equilibrium framework where search effort … featuring indefinite payments of benefits and a system with a time limit on unemployment benefit receipt. The optimal sanction …

This paper analyzes the design of optimal unemployment insurance in a search equilibrium framework where search effort … featuring indefinite payments of benefits and a system with a time limit on unemployment benefit receipt. The optimal sanction …