their unemployment rate rose less than the one of prime-age workers. This view is a myth: older workers are more sensitive …

Series, it analyses flows between the formal sector, informal sector, and unemployment, paying specific attention to how …

earnings losses for young workers generated by unemployment: unemployment represents time forgone in terms of human capital … downturn, as documented in the empirical literature. At the aggregate level, the framework delivers youth unemployment rates … that are higher and more sensitive to fluctuations in aggregate productivity than total unemployment rates. Additionally …

on their experience. Using Current Population Survey (CPS) data and state-level variations in the unemployment rate, this … period from 1994-2014 to 1994-2019 and (ii) using MSA-level unemployment variation instead of state-level variation. These …

downward rigidity, and magnifying the response of unemployment to negative shocks. We also consider layoffs and show that for a …