Licensed workers could be shielded from unemployment during recession since occupational licensing laws are asymmetric …-in-differences event study research design that exploits cross-state variation in licensing laws to compare the unemployment rate between …, we find that licensing shields workers from a recession-induced increase in the unemployment rate of 0.82 p.p. during …

workers are unemployed. Both the reemployment hazard rate and reemployment earnings steadily fall with unemployment duration …

returned to previous levels within a few quarters. Consequently, the total loss in employment caused by the rise in mismatch … preferences amid strong labor demand are more prominent explanations for the persistent employment shortfall vis-à-vis pre …

The aim of this paper is to analyze and estimate salient characteristics of unemployment dynamics. Movements in … unemployment are viewed as "chain reactions" of responses to labor market shocks, working their way through systems of interacting … aggregate measures of unemployment responses to temporary and permanent shocks. These measures are temporal (depicting how long …

The aim of this paper is to analyze and estimate salient characteristics of unemployment dynamics. Movements in … unemployment are viewed as "chain reactions" of responses to labor market shocks, working their way through systems of interacting … aggregate measures of unemployment responses to temporary and permanent shocks. These measures are temporal (depicting how long …

across LFS histories: they are 25-30% among those currently out of the labor force (OLF) with recent employment, 10% among …

more of them are residing with their parents. The unemployment rate at 23-27 year old for the 1996 college graduation … explain two thirds of the rise in unemployment and coresidence between the 2013 and 1996 graduation cohorts. Rising wage … dispersion is also important for the increase in unemployment, while declining parental income, rising student loan balances and …

The aim of this paper is to analyze and estimate salient characteristics of unemployment dynamics. Movements in … unemployment are viewed as "chain reactions" of responses to labour market shocks, working their way through systems of interacting … aggregate measures of unemployment responses to temporary and permanent shocks. These measures are temporal and quantitative …

. -- unemployment ; natural rate hypothesis ; labour markets ; employment ; adjustment costs …In this paper we challenge the traditional labour market view, which argues that unemployment is determined in the long … approach we decompose the dynamics of employment and labour force into transitory and permanent components. We estimated a …