tightness. Our model explains a large fraction of the matching efficiency decline during the Great Recession and generates state …

to the coronavirus pandemic. These measures have caused dramatic increases in unemployment in the short run, with an … expected deepening of the recession in the long run. Some commentators argue that the "draconian measures" will do more harm …. We estimate the relationship between unemployment, a widely accepted proxy for economic climate, and mortality in …

labor market and skill obsolescence from long-term unemployment. The model can account for key features of the Great … Recession: a decline in productivity growth, the relative stability of inflation despite a pronounced fall in output (the … aggregate demand raises unemployment and the training costs associated with skill obsolescence. Lower employment hinders …

they joined the establishment from unemployment This is supportive of equal treatment. We also show that a four parameter … series properties and co-properties of real wages, output, and unemployment, in particular the asymmetric response of wages …

workers’ outside options. We document the negative selection into self-employment when workers enter from unemployment, and … contract out of unemployment. These facts call for a revision of active labor market policies in place …

in their unemployment rate and not a decline in labour force participation rate. Policymakers should take account of …

law with a focus on the dynamic part of the relationship. We find that the negative relationship between unemployment and … misspecification of the short run unemployment-output relationship. A mixed lag structure indirectly controls for missing explanatory …