volatility of vacancies and unemployment. This channel can be relevant if the lack of insurance is large enough so that the … earnings variance and persistence in the unemployment state that result in a large degree of self-insurance …

facts concerning the variability of unemployment and vacancies in the aggregate, the distribution of net employment growth …

High rates of unemployment entail substantial costs to the working population in terms of reduced subjective well … sensitivity of subjective well-being to fluctuations in unemployment rates is much lower in the public sector than in the private … unemployment …

, instead, favors unemployment-centric policy. One- and two-agent alternatives can show unanimous disapproval of inflation …

endogenous firing as well as a short-time work decision. In recessions, short-time work reduces the unemployment risk of workers … replacement rate can be more effective compared to an increase of the unemployment benefit replacement rate. …

externalities and equilibrium unemployment. Our model incorporates endogenous labor force participation and two margins of … consumption and output; a marginal increase in the unemployment and labor force participation rates; and an expansion in the … accompanied by gradual gains in output and consumption and a negligible expansion in unemployment. Critically, abstracting from …

Ljungqvist and Sargent (2017) (LS) show that unemployment fluctuations can be understood in terms of a quantity they … understanding unemployment fluctuations. We show how the LS framework can be adapted to incorporate risk premia. We derive an … show how to use properties of the artificial economy to deduce how risk premia affect unemployment dynamics in the original …

generate the trends in unemployment flows. …

level of frictional unemployment as a statistical feature of a decentralized labor market. Shocks to the economy can produce … short-run equilibrium involuntary unemployment arising from unfulfilled expectations. Even after agents align their … negative shock to demand can result in higher levels of equilibrium unemployment. In this way the model exhibits a particular …

. In this paper, we empirically analyze how local unemployment rates affect enrollment decisions in Turkey during the … undergraduate programs decreases during periods of and in regions experiencing higher unemployment, whereas the enrollment in high …