quantitative effects of (i) aggregate productivity shocks on unemployment and (ii) unemployment benefits on unemployment. This … model, unemployment benefits affect households' behavior directly, without having to run via the bargained wage. A … effect of benefits on unemployment. Our analysis shows the importance of investigating the effects of policies on the …

quantitative effects of (i) aggregate productivity shocks on unemployment and (ii) unemployment benefits on unemployment. This … model, unemployment benefits affect households' behavior directly, without having to run via the bargained wage. A … effect of benefits on unemployment. Our analysis shows the importance of investigating the effects of policies on the …

We distinguish and assess three fundamental views of the labor market regarding the movements in unemployment: (i) the … frictionless equilibrium view; (ii) the chain reaction theory, or prolonged adjustment view; and (iii) the hysteresis view. While … 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 … frictionless equilibrium view; (ii) the chain reaction theory, or prolonged adjustment view; and (iii) the hysteresis view. While … that all the short-run fluctuations automatically turn into long-run changes in the unemployment rate. We assert the …

frictionless equilibrium view; (ii) the chain reaction theory, or prolonged adjustment view; and (iii) the hysteresis view. While … that all the shortrun fluctuations automatically turn into long-run changes in the unemployment rate. We assert the …