This paper provides revealed-preference estimates of the monetary value of avoiding job search in a high-unemployment … home-state unemployment rate. Comparing these estimates to realized losses in post-service civilian earnings resulting from … exiting the military during times of high unemployment suggests that mitigating factors (e.g., leisure, private and public …

The deep recession that began in December 2007 and ended in June 2009, has had a lasting effect on the labor market …. More than four and a half years after the end of the recession, employment has risen sluggishly--much more slowly than it … grew, on average, during the four previous recoveries that lasted more than one year. At the same time, the unemployment …

Not only the level of aggregate unemployment but also the properties of its dynamics are an important topic in … asymmetric pattern in the evolution of unemployment, whereas linear models with Gaussian innovations preclude such dynamics. This … paper applies several tests for asymmetry to aggregate British, German and US unemployment data to assess the relevance of …