This paper proposes a protocol for considering the social cost of unemployment by taking into account three different … aspects: incidence, severity and hysteresis. Incidence refers to the conventional unemployment rate; severity takes in both … unemployment duration and the associated income loss; and hysteresis refers to the probability of remaining unemployed. The social …

This study examines whether the distribution of aggregate unemployment by duration affects individual well-being. Two … distribution of aggregate unemployment by duration on individual well-being. We find significant evidence in favor of both the … remain unemployed for a longer time. At some point, however, both the employed and unemployed adapt to unemployment at the …

The paper presents a model that allows a unified analysis of sickness absence and search unemployment. Sickness appears … affect individual decisions on absence and search and the implications for employment, unemployment and nonparticipation. The …

density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …

(market-level effect) to changes in the duration of unemployment insurance (UI) benefits. To implement this approach, we …

(market-level effect) to changes in the duration of unemployment insurance (UI) benefits. To implement this approach, we …

unemployment to disability and no impact on the transition rate to employment or inactivity. More precisely, individuals just below …

unemployment. Labor market regulations, unemployment benefits, and high levels of public consumption in many European countries …

unemployment rates. To this end, we develop a matching model à la Pissarides (2000) in which homeowners are assumed to be less …