In this study we examine the contribution of severance pay to employment and unemployment development using data on …-varying labor market institutions. While the positive effect of severance pay on unemployment garners some support, there is no real …

EWE is a consequence of one of the most important labor institutions: the unemployment benefit (UB). We develop a model …

participation rate and employment-population ratio but had little discernible effect on the unemployment rate. Factors robustly …

, greater average firm productivity, a larger formal employment share, and a marginally lower unemployment rate. …

This paper proposes an empirical method for estimating a long-run trend for the unemployment rate that is grounded in … the modern theory of unemployment. I write down an unobserved components model and identify the cyclical and trend … components of the underlying unemployment flows, which in turn imply a time varying estimate of the unemployment trend, the …

uncover the trend changes in these flows, which determine the trend in the unemployment rate. We argue that this trend rate … margin after 2000, pushing trend unemployment up. But the trend in the separation rate has somewhat offset that effect, with … unemployment rate, most of the low-frequency variation in the rate can be accounted for by changes in the trend of the separation …

Unemployment in the U.S. has risen dramatically since the start of the recession in December 2007, going from about 6 … Statistics. The methodology is to analyze the transition rates and implied steady-state levels of employment and unemployment … flow from unemployment to employment actually increased. As another example, changes in the probability of moving between …

This paper proposes an empirical method for estimating a long-run trend for the unemployment rate that is grounded in … the modern theory of unemployment. I write down an unobserved-components model and identify the cyclical and trend … components of the underlying unemployment flows, which in turn imply a time-varying estimate of the unemployment trend, the …

We estimate trends in the labor force participation (LFP) and unemployment rates for demographic groups differentiated … group trends, we construct trends for the aggregate LFP and unemployment rate. Important drivers of the aggregate LFP rate …. The aggregate unemployment rate trend on the other hand is almost exclusively driven by demographic factors, with about …