the modern theory of unemployment. I write down an unobserved components model and identify the cyclical and trend …This paper proposes an empirical method for estimating a long-run trend for the unemployment rate that is grounded in … components of the underlying unemployment flows, which in turn imply a time varying estimate of the unemployment trend, the …

A persistent increase in the unemployment rate ignites speculations about whether the changes to unemployment are …, unemployment in New Zealand has declined steadily and persistently since 1993-1994. Along the way, however, transitory increases in … unemployment occurred. Major increases occurred after the Asian financial crisis and the global financial crisis with similar …

This paper proposes a model of the US unemployment rate which accounts for both its asymmetry and its long memory. Our … standard limit distribution. The empirical results suggest that the US unemployment rate can be specified in terms of a … with path dependency rather than a NAIRU model with an underlying unemployment equilibrium rate, hence giving support to …

selective extension of the potential duration of unemployment benefits. If social interactions are important, this policy change … affects entitled individuals not only directly, but also indirectly by altering the duration of unemployment in the reference …

Labor market frictions are not the only possible factor responsible for high unemployment. Credit market imperfections … European and US unemployment differ so much when labor markets have become more similar at the margin in Europe and the US. To …

distribution. The conventional method of analysis is regression of summary inequality indices on variables such as the unemployment …

Unemployment insurance agencies may combat moral hazard by punishing refusals to apply to assigned vacancies. However … sanctions on the unemployment duration and the quality of job matches, in conjunction with the possibility to report sick. We … relative attractiveness of vacancy referrals increases over the time spent in unemployment. Overall, around 9% of sickness …

selective extension of the potential duration of unemployment benefits. If social interactions are important, this policy change … affects entitled individuals not only directly, but also indirectly by altering the duration of unemployment in the reference …

We analyse the determinants of unemployment persistence in four OECDcountries byestimating a structural Bayesian VAR … with an informative priorbased on an insiders/outsiders model. We explicitly insert unemployment ben-efits and labour taxes … shocks play adominant role in explaining unemployment also in the medium-run. Moreoverreal wages have low sensitivity to …