Standard macroeconomic models underpredict the volatility of unemployment fluctuations. A common solution is to assume … jobs. This form of wage rigidity does not affect job creation and thus cannot explain the unemployment volatility puzzle …

This paper examines the relation between individual unemployment durations and incidence on the one hand, and the time … of the inflow into unemployment to depend on calendar time. In both cases we distinguish between business cycle effects … and seasonal effects. The model is estimated with aggregate unemployment duration data, in which we allow for unobserved …

In this paper we study the effects of unemployment benefit duration and the business cycle on unemployment duration. We … construct durations for individuals entering unemployment from a longitudinal sample of Spanish men in 1987-1994. Estimated … discrete hazard models indicate that receipt of unemployment benefits significantly reduces the hazard of leaving unemployment …

cycle fluctuations in employment and unemployment. They argue that it is likely that wages are not adjusted as regularly as …

individual unemployment benefit spell durations. We compare a period of expansion (2005-2007) and the recent recession (2009 … jobs in the expansion period until the time of unemployment benefit expires. Individuals who are most affected by the … financial crisis tend to be males, those aged 16-24 and 40-51 years, those living in regions with higher unemployment rates …

density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …

density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …

density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …