We study unemployment insurance in a framework where the main source of heterogeneity among agents is the type of … aggregate wealth moments. Our central finding is that changes to the current unemployment insurance program are valued … differently by married and single households. In particular, a more generous unemployment insurance reduces the welfare of married …

in the vacancy-unemployment ratio without ad hoc assumptions of wage rigidity. This paper presents a mechanism of such … economy, and the vacancy-unemployment ratio experiences large cyclical fluctuations. …

assess the importance of each worker flow to account for participation and unemployment rates over the life-cycle. We find that … substantially account for low participation and unemployment among old workers. Our results show that labor search models that do …We estimate life-cycle transition probabilities between employment, unemployment and inactivity for U.S. workers. We …

document how worker flows between employment, unemployment, and out of the labor force vary by gender and age and contribute to … participation) and intensive margin (i.e., variable intensity) of search effort. The model attributes a major role to the production …

In this paper, we present a matching model with adverse selection that explains why flows into and out of unemployment …

In this paper, we present a matching model with adverse selection that explains why flows into and out of unemployment …

) Regarding gender differences: transition involving non-participation matters more in the variance of female unemployment and … employment, informal employment, unemployment, and nonparticipation. We compute the contribution of each transition rate to … fluctuations in unemployment and informality rates. We identify five stylized facts: (i) Nearly 40% of the fluctuations in the …

We provide new estimates on worker flow rates in and out of unemployment for Germany covering the last six decades. In … the 1980s, Germany emerged as the sick man of Europe with a labor market characterized by persistently high unemployment … rates. We attribute a substantial fraction of the rise in unemployment to a dramatic increase in inflow rates compared to …

increased probability that employed workers become unemployed and with a reduction in worker flows from unemployment to …