unemployment rates while evaluating the tightness of the labor market. …

Existing models of equilibrium unemployment with endogenous labor market participation are complex, generate … procyclical unemployment rates and cannot match unemployment variability relative to GDP. We embed endogenous participation in a … variabilities but also generates strongly countercyclical unemployment rates. With some wage rigidity the model also matches …

examining the relationship between output and demand as mediated by changes in unemployment, or Okun's law. We also demonstrate …

unemployment rates. Using U.S. data, we find that individual labor force participation responds asymmetrically to changes in local … labor market conditions, consistent with the pattern of movements in the aggregate unemployment rate. Differences in the …. -- Asymmetric labor force participation decision ; unemployment rate ; business cycle ; gender ; education ; age …

composition of the labor force, between-groups wage inequality and the level of unemployment. The main result is that a labor … labor force, there is higher unemployment among low-experience workers, they do not accumulate enough on-the-job human …