unemployment episodes dataset, we find that individuals who finish their spell with a grant have a significantly lower probability … of returning to unemployment. The policy is particularly effective for individuals who would have otherwise had labor … ameliorating unemployment. However, the policy was not effective for longer unemployed individuals. At the firm level, we find …

This paper studies optimal unemployment benefit levels and optimal proportional income tax rates over the business … cycle. Previous research suggests that policy makers should make unemployment insurance (UI) dependent on the business cycle … unemployment. An alternative way to redistribute income is to vary tax rates over the business cycle. In this paper, we develop an …

This paper studies optimal unemployment benefit levels and optimal proportional income tax rates over the business … cycle. Previous research suggests that policy makers should make unemployment insurance (UI) dependent on the business cycle … unemployment. An alternative way to redistribute income is to vary tax rates over the business cycle. In this paper, we develop an …

. Our estimation results show that a 1 percent point decrease in unemployment rate increases wage offers with 3 percent …

search model with learning on-the-job and skill loss during unemployment. A negative correlation between unemployment and …

two members. Households face unemployment risks but their members adjust their labor supplies to insure against … unemployment. We use the model to explain the cyclical properties of aggregate employment and participation. As in the US data, the … household against unemployment risks. …

unemployment at large firms are generally found to be more cyclical. However, this stylised fact disappears when the composition of …

are four main findings. First and foremost, the baseline model can generate the observed large volatility of unemployment … and vacancies with a realistic replacement ratio of the unemployment insurance benefits of 64 percent. Second, labor … value of unemployment close to the value of employment, which is crucial in generating a strong amplification, even with the …