increase in the pace of job creation and destruction may have substantial effects on employment and unemployment;the effects … may be out of its unemployment equilibrium for quite a long time after a shock occurs.The novelty of the model is that it … takes explicitly account of the propagationof shocks through the various duration classes of unemployment andallows for …

. Additional results, however, suggest that female and highly skilled participants leave unemployment quicker than other groups …

heterogeneity into account. Our results indicate that participation in JCSs increases the unemployment duration mainly due to … leave unemployment quicker than other groups, which results in highly skilled women benefiting from participation. However …, we find no significant impact on post-unemployment employment stability. Our results are robust to allowing for random …

' PC (relating the level of the inflation rate, not the change in this rate, to the rate of unemployment); and the …

of aggregate unemployment in postwar data. While this range may seem wide it is an indication that the importance of …