The paper presents a model that allows a unified analysis of sickness absence and search unemployment. Sickness appears … affect individual decisions on absence and search and the implications for employment, unemployment and nonparticipation. The …

increased flow into unemployment in a recession is mainly due to reduced hirings, and hence lower job-to-job transitions, rather …

This paper provides a critique of the "unemployment invariance hypothesis", according to which the behavior of the … labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and … equilibrating mechanisms to ensure unemployment invariance and that other markets may perform part of the equilibrating process as …

The U.S. economy continues to be characterized by a persistently-high rate of unemployment, with at least another three … years before attainment of the pre-recession unemployment rate.Six significant structural trends are identified and their … force”. And the detrimental effect of long-term unemployment is a structural impediment to becoming well-positioned to …

unemployment rate) and the labor force participation rate. This paper proposes an adjustment to the calculation of the EPOP using …