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 …

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 …

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

unemployment rate and the actual unemployment rate in the country, which is a meaningful indicator of their misperception of labor … model includes: controls for the worker's ability; country-specific fixed effects; the unemployment rate in the region of … residence, which might be the benchmark respondents have in mind when reporting their perception of the national unemployment …

We extend the Diamond-Mortensen-Pissarides model of equilibrium unemployment to incorporate public-sector employment … unemployment rate, on the division of employment between the private and public sectors, and on the distributions of wages in the …

variation in testosterone levels to explain transition probabilities into and out of unemployment. We examine labour market …, higher testosterone levels reduce the risk of unemployment. Based on previous studies and descriptive evidence, we argue that …

We offer a decomposition for the variance of the current unemployment rate that not only measures the contributions of …