sharp increase in the incidence of long-term unemployment (LTU) during the Great Recession. We first show that compositional … shifts in demographics, occupation, industry, region, and the reason for unemployment jointly account for very little of the … model that allows for duration dependence in the exit rate from unemployment and for transitions between employment (E …

The wage curve literature consistently finds a negative relationship between regional unemployment rates and regional … wages; the most widely accepted theoretical explanations interpret the unemployment rate as a measure of job competition …. This paper proposes new ways of measuring job competition, alternative to the unemployment rate, and finds that the …