differ in workers' productivity. We look at the paths of employment, wages, taxes, labor costs and profits during and after … rate of job destruction is sufficiently low, the unemployment rates can get close to steady-state values during the … transition. Within the realm of feasible scenarios, unemployment differentials are simultaneously determined by the speed of …

This study examines the relationship between unemployment and labor force participation to judge the presence of the … discouraged worker/added worker/unemployment invariance effect in the US labor market, spanning the period 1976-2014. Panel unit … unemployment and labor force participation rates, while the impact of unemployment on labor force participation is negative …