This paper presents a framework to interpret movements in the Beveridge curve and analyze unemployment fluctuations. We … decompose the unemployment rate into three main components: (1) a component driven by changes in labor demand – movements along … driven by changes in the efficiency of matching unemployed workers to jobs. We find that cyclical movements in unemployment …

Persistent unemployment after recessions and the policies required to bring it down are the subject of an ongoing … unemployment, requiring the implementation of structural policy reforms. The alternative view is that the slow recovery of the … economy is due to cyclic reasons coming from lack of demand which prevents unemployment from falling quickly. Knowing whether …

security system in an economy with unemployment caused by trade unions. Using a simple two-period overlapping generations …

has shown that parents support their children financially through an unemployment spell. In this paper, we also provide …

This paper presents estimates of the effect of emergency and extended unemployment benefits (EEB) on the unemployment … ineligible for EEB back to the late 1970s. To identify these estimates, we examine how exit rates from unemployment change across … different points of the distribution of unemployment duration when EEB is and is not available, controlling for changes in labor …

This paper discusses the various causal relations between unemployment and participation to the labor market, notably … various exogenous variations jointly affect unemployment and participation. Empirical tests based on time-series of OECD … unemployment rates. A variance decomposition exercise indicates that, in Continental Europe, participation is driven in the short …

I calculate unemployment multipliers of fiscal consolidation policies in a standard, closed-economy New Keynesian … percentage of family firms in the labor force. I find that fiscal austerity raises unemployment. Both at peak and cumulatively …, unemployment reacts least when the budget is consolidated by increasing the rate of value-added tax. At peak, the highest increase …

wage and unemployment duration. We consider a model of household job search in which the outcomes of bargaining are … unemployment duration: the more the husband earns, the longer the wife searches for a job; whereas the more the wife earns, the … sooner the husband finds a job. Secondly, an increase of $100 in unemployment insurance (UI) per month lowers employment rate …

This paper examines the link between capital stock and unemployment persistence. An overlapping-generations model with … endogenous labor supply and imperfect competition is presented. It is used to interpret the unusual persistence of unemployment …, unemployment continues to be very high. The paper argues that an important part of the explanation lies in the decline of capital …