This paper is aimed at investigating the effects of government intervention through unemployment benefits on …

The misery index (the unweighted sum of unemployment and inflation rates) was probably the first attempt to develop a … improved version of the index, mainly based on output and unemployment. Specifically, this new Okun's index measures the level … gap in growth rate terms; and (3) cyclical unemployment. This dynamic approach differs substantially from the standard one …

domestic to tradable industries. This leads to a loss in industry specific human capital, causing a jump in unemployment. The …

This paper develops a sufficient-statistic formula for the unemployment gap-the difference between the actual … unemployment rate and the efficient unemployment rate. While lowering unemployment puts more people into work, it forces firms to … post more vacancies and to devote more resources to recruiting. This unemployment-vacancy tradeoff, governed by the …

positive and statistically significant but small relationship between sales and unemployment at the aggregate level … employment. The mechanism we tested is the following: As the economy worsens and unemployment rises (and/or employment falls … sector’s variance in price dynamics. These components are significantly correlated with variations in unemployment and …

The impact of economic growth on unemployment is commonly agreed and extensively studied. However, how age and gender … apply Okun's law, aiming to estimate age-, gender- and educational attainment level-specific unemployment rate sensitivity … output change on the unemployment rate, supporting higher effects of recessions than that of expansions, we aim to enrich …

Great Recession. Specifically, following Farmer (2013), I set forth a search framework in which households decide about …