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 …

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

employment, informal employment, unemployment, and nonparticipation. We compute the contribution of each transition rate to … fluctuations in unemployment and informality rates. We identify five stylized facts: (i) Nearly 40% of the fluctuations in the … unemployment rate involves unemployment ins and outs from/to informal jobs. (ii) More than 40% of the fluctuations in informality …