This paper provides a unified account of the trends in unemployment and labor force participation pertaining to the … employment experience of older male workers during the past half-century. We build an equilibrium life-cycle model with labor … institutions in ways that deteriorate employment. The model explains simultaneously: (i) the fall in labor force participation in …

How the provision of unemployment benefits affects employment and unemployment is a debated issue. In this paper, we … actively search for a job. Concerning employment, the second effect dominates so that unemployment benefits raise employment. … job market with search effort and labor force participation decisions while varying the maximum length of unemployment …

We examine how a 16-week cut in potential unemployment insurance (UI) duration in Missouri affected search behavior of … estimates to simulate the unemployment rate assuming no market-level externalities. The simulated response, which implies almost … a one percentage point decline in the unemployment rate, closely approximates the estimated change in the unemployment …

Unemployment increased drastically over the course of the Great Recession from 4.5 percent prior to the recession to 10 … percent at its peak in October 2009. Since then, the unemployment rate has come down steadily, and it stood at 5.8 percent in … November 2014. Based on existing analyses and some new evidence, this paper establishes that much of the change in unemployment …