stochastic volatility model of sectoral employment growth. Reallocative shocks have no effect on the natural rate of unemployment … the rise in trend unemployment in Germany in the 1980s or for a possible rise in trend unemployment in the United States … following the Great Recession. -- Sectoral shifts ; reallocation ; natural rate ; unemployment ; turbulence ; stochastic …

to the minimum in a reference year as to be illegal in an adjacent comparison year as a result of movements in the real …

, employment fell and unemployment rose for newly legalized men relative to the comparison group of already legal U.S. residents … amnesty on the legalized population relative to a comparison group. After the implementation of the amnesty program …