Contracting out job placement services might save costs and provide a service capacity buffer in times of increasing … unemployment. However, state agencies must be able to ensure a suitable balance between services and quality, and to carefully …

Evidence suggests that productivity would be much higher and unemployment much lower if the supply of and demand for … side of the issue by emphasizing worker education and training. However, the role of the demand side, that is, employers …

All developed economies have unemployment benefit programs to protect workers against major income losses during spells … of unemployment. By enabling unemployed workers to meet basic consumption needs, the programs protect workers from having … recessions. If benefits are too generous, however, the programs can lengthen unemployment and raise the unemployment rate. The …

labor market to compare unemployment insurance (UI) expansions and payroll subsidies. In isolation, payroll subsidies that …We study the positive and normative implications of labor market policies that counteract the economic fallout from … inevitable job loss. …

Using a New Keynesian Phillips curve, we document the rapid and persistent increase in the natural rate of unemployment … unemployment gaps. Through the lens of the model, the 2022-23 disinflation was driven by the expectation that the unemployment gap … will close through a progressive decline in ut* and a rise in the unemployment rate. This implies that convergence to long …

capable of dealing with both full employment and secular unemployment. The model is then utilized to examine the effect of a … tariff on the terms of trade, the trade pattern, real consumption and employment of labor. It is shown that with full … expense of the foreign country. These results however are reversed in the presence of unemployment in both countries. We also …