wage and unemployment duration. We consider a model of household job search in which the outcomes of bargaining are … unemployment duration: the more the husband earns, the longer the wife searches for a job; whereas the more the wife earns, the … sooner the husband finds a job. Secondly, an increase of $100 in unemployment insurance (UI) per month lowers employment rate …

employed, and (ii) in response to increasing unemployment rate, the propensity to become entrepreneurs increases for employed … entrepreneurship and unemployment with endogenous job destructions. Entry decision into entrepreneurship is affected by an … opportunistic effect and a separation effect, which is strengthened by surging unemployment risk in recessions. I show that the …

the impact of uncertainty shocks on unemployment dynamics. Using a vector autoregression approach, we show that … uncertainty shocks measured by stock market volatility have a significant impact on the U.S. unemployment rate. We then develop a …

the impact of uncertainty shocks on unemployment dynamics. Using a vector autoregression approach, we show that … uncertainty shocks measured by stock market volatility have a significant impact on the U.S. unemployment rate. We then develop a …

In this paper, I show that the decline in household consumption during unemployment spells depends on both liquid and … illiquid asset positions. I also provide evidence that unemployment spells predict the withdrawal of illiquid assets …, particularly when households have few liquid assets. Motivated by these findings, I embed endogenous unemployment risk in a two …

: the large differences in unemployment risk across worker age-groups over the business cycle. Our search model features a … large real effects through firms' labor policies. Our model predicts higher unemployment risk of younger workers relative to …

volatility of vacancies and unemployment. This channel can be relevant if the lack of insurance is large enough so that the … earnings variance and persistence in the unemployment state that result in a large degree of self-insurance …

, our welfare analysis of fiscal alternatives shows that the young prefer increases in unemployment transfers as this …

unemployment in the future that lowers expected future income, they will save more today. In this paper, we test this hypothesis by … looking at the expenditure response of workers to the change in unemployment risk measured at the occupational level. We find … that occupational unemployment risk does not have a large impact on consumption expenditure. However, despite investigating …

unemployment in the future that lowers expected future income, they will save more today. In this paper, we test this hypothesis by … looking at the expenditure response of workers to the change in unemployment risk measured at the occupational level. We find … that occupational unemployment risk does not have a large impact on consumption expenditure. However, despite investigating …