wealth shocks and unemployment during the Great Recession in the US. We find that many households experienced large capital …

unemployment by lowering the aggregate job-finding rate. We use this framework to measure the contribution of mismatch to the … recent rise in U.S. unemployment by exploiting two sources of cross-sectional data on vacancies, JOLTS and HWOL, a new …/3 of the total observed increase in the unemployment rate, whereas geographical mismatch plays no apparent role. The share …

return to one of the most important ideas to emerge from Keynes’ (1936) General Theory; that high involuntary unemployment …

We construct an overlapping generations model with unemployment risk where wages, employment and severance payments are …

Compared with the steep, persistent increase in unemployment that the Great Recession triggered in the United States …, its effect on unemployment in Germany was surprisingly mild. While U.S. unemployment soared from 4.8 percent to 9 ….5 percent between the fourth quarter of 2007 and the fourth quarter of 2010, the German unemployment rate actually fell from 7 …

centralization of wage bargaining and of the interaction between those institutional variables, on real wages, unemployment and … decrease in the number of unions) triggers two opposite effects on real wages, unemployment and inflation. It reduces the … competition effect" raises real wages, unemployment and in°ation. But the decrease in the number of unions also strengthens the …