The paper presents a tractable general equilibrium model of search unemployment that incorporates absence from work as … a distinct labor force state. Absenteeism is driven by random shocks to the value of leisure that are private … among nonemployed individuals interact with their search decisions and trigger movements into and out of the labor force …

The paper presents a general equilibrium model of search unemployment that incorporates absence from work as a distinct … labor force state. Absenteeism is driven by random shocks to the value of leisure that are private information to the …

The paper presents a model that allows a unified analysis of sickness absence and search unemployment. Sickness appears … benefits affect individual decisions on absence and search and the implications for employment, unemployment and … as random shocks to individual utility functions, interacts with individual search and labor supply decisions and …

of the unemployment insurance and the optimal search behavior of the unemployed gives rise to a self … with search-matching frictions and on-the-job learning-by-doing. The model shows that societies populated by identical … unemployment insurance levels into a politico-economic equilibrium. The interaction between the political decision about the level …

in more detail labour flexibility, namely labour market flows, long-term unemployment and labour force deprivation. The … third part addresses wage flexibility and relative wages, with special attention paid to regional unemployment elasticity of … labour mobility, labour deprivation due to long-term unemployment, skill mismatch and emerging signs of inflexibility in wage …

The effects on the aggregate unemployment rate of employment-protection provisions has been the subject of considerable … employment security is to increase the efficiency wage but not necessarily to increase unemployment. …

In this paper, the authors incorporate a positive theory of unemployment insurance into a dynamic overlapping … generations model with search-matching frictions and on-the-job learning-by-doing. The model shows that societies populated by … unemployment insurance levels in a politico-conomic equilibrium. …

changes in the distribution of unemployment benefit duration. We find that search activity is greater when a claimant's UI … benefits near exhaustion. Furthermore, search activity responses to the passage of bills that increase unemployment benefits …The large-scale unemployment caused by the Great Recession has necessitated unprecedented increases in the duration of …

calibrating a life cycle model with unemployment risk and endogenous search effort, we find that allowing unemployment replacement …We argue that US welfare would rise if unemployment insurance were increased for younger and decreased for older … workers. This is because the young tend to lack the means to smooth consumption during unemployment and want jobs to …

We develop a theoretical model of firm dynamics and unemployment and characterize equilibria with tenure dependent … separation taxes. The model is a version of the Lucas and Prescott island model with undirected search. Two equivalent …