and those predicted to face a penalty compared to their pre-unemployment wage display overly optimistic wage expectations …

In this paper, we quantify the contribution of labor market reforms to unemployment dynamics in nine OECD countries … the heterogeneous-worker mechanism proposed by Robin (2011) to explain unemployment volatility by productivity shocks … benefits and product market deregulation stand out as the most prominent policy levers for unemployment reduction. All other …

Unemployment Insurance benefit durations were extended during the Great Recession, reaching 99 weeks for most …-2014, we estimate the effect of extended benefits on unemployment exits separately during the earlier period of benefit …

Wages are only mildly cyclical, implying that shocks to labour demand have a larger short-run impact on unemployment …