precautionary saving and a shift toward safer assets in the years leading up to unemployment, and depletion of savings during … unemployment. This suggests that at least some households can foresee and prepare for upcoming unemployment, which indicates that … private savings can complement publicly provided unemployment insurance …

bargaining cannot generate the observed volatility in unemployment and vacancy in response to reasonable labor productivity … unemployment and vacancy without resorting to an alternative wage setting mechanism. The monetary authority follows an interest …

unemployment rate. In the United States, the unemployment rate raises quickly and abruptly at the onset of contractions and … declines slowly and gradually during expansions. This pattern produces positive skewness in the distribution of unemployment … responsiveness of job vacancies to positive shocks in periods of high unemployment. I argue that the inability of the model to …

of taxes. Controlling for demand-side and supply-side determinants of unemployment, we show that the PTB plays a … significant role in explaining unemployment in the continental European countries, but not in the Nordic nor the Anglo-Saxon ones …. We also show that there is no relationship between the incidence of the PTB and unemployment persistence, even though …

additional leisure and personal maintenance, not in increased household production. There is no relation between unemployment … lower amount of market work in areas of long-term high unemployment is offset by additional household production. In … contrast, in those areas where unemployment has risen cyclically reduced market work is made up almost entirely by additional …

This paper investigates the effects of national unemployment rates on overall age and cause-specific mortality rates in …

outsourcing cost, profit sharing and equilibrium unemployment, when profit sharing is also a part of the compensation schemes in … wage effect. For equilibrium unemployment the effects of outsourcing cost and profit sharing are ambiguous both in case of … the absence or presence of outsourcing and in this case lower outsourcing cost will decrease unemployment …

paper, we present a model with equilibrium unemployment which has three distinctive properties. First, using a search and …, which allows the model to reproduce the fluctuations of unemployment over the business cycle. And third, the model implies a … reasonable elasticity of steady state unemployment with respect to changes in benefits. The calibration of the model implies low …

and unemployment rates for a set of 17 advanced economies starting in 1870. I show that the wage Phillips curve has always …. In such an environment, wages and prices are adjusted by firms less often and thus, the relationship between unemployment …

jubilee and ldhmm packages in R. The input data is the unemployment rate (UNRATE) which is released monthly by the U … generates the recession probability. Our model demonstrates that positive momentum in unemployment kicks off a recession. The …