In this paper, we aim to provide a comprehensive view of the unemployment dynamics generated by different structural … shocks. We show that the relative contribution of the job finding and separation rates to the unemployment dynamics depends … contribution of the two transition rates to the volatility of unemployment, whereas the search shock implies a disproportionate …

their unemployment rate rose less than the one of prime-age workers. This view is a myth: older workers are more sensitive …

their unemployment rate rose less than the one of prime-age workers. This view is a myth: older workers are more sensitive …

that households with a participating wife are better able to deal with unemployment of the husband. A supplementary … sensitive to his own unemployment income if the wife is nonparticipating. This implies that unemployment benefits have a …