in their unemployment rate and not a decline in labour force participation rate. Policymakers should take account of …

workers’ outside options. We document the negative selection into self-employment when workers enter from unemployment, and … contract out of unemployment. These facts call for a revision of active labor market policies in place …

-employment to analyze the implications of introducing universal unemployment protection for informal workers through transfers …, which are conditional on participation in training programs. We study how changes in unemployment benefits (UB) for … increasing training UB reduces unprotected unemployment and improves labor market outcomes through higher formal salaried …

are that policy has effects on the stochastic behavior of key variables - measures that reduce unemployment also reduce … its persistence and increase the volatility of vacancies. Hiring subsidies and unemployment benefits have substantial …

high volatility of most of the key variables, the negative co-variation of unemployment and vacancies, and the behavior of …

-shaped, persistent responses in output, vacancies, and unemployment. The endogenous job destruction decision also leads to small but …