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explanatory variables, and we link this time effect to a secular increase in the labor-force participation of women, particularly …
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unemployment to disability and no impact on the transition rate to employment or inactivity. More precisely, individuals just below … effect is above all important for women and more particularly for single‐women households. Overall, our study shows that JSM …
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U3, the official unemployment rate, is an inadequate gauge of labor-market slack and the extent to which it misinforms … varies substantially over the business cycle. The U6 unemployment rate is usually about 4 percentage points above U3. However …
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