This paper proposes a protocol for considering the social cost of unemployment by taking into account three different … aspects: incidence, severity and hysteresis. Incidence refers to the conventional unemployment rate; severity takes in both … unemployment duration and the associated income loss; and hysteresis refers to the probability of remaining unemployed. The social …

policy, in particular the short-time work policy (ERTE) in Spain. …

Although a relevant share of firms is created out of unemployment and current active labor market policies in Europe … often subsidize unemployed individuals to start their own businesses, little is known about the role of unemployment … extensive margin of (self-)employment and on unemployment duration. We find heterogeneous effects on the extensive margin: while …

Although a meaningful percentage of firms are created out of unemployment and current active labor market policies in … Europe often subsidize unemployed individuals to start their own businesses, little is known about the role of unemployment … extensive margin of (self-)employment and on unemployment duration. We find heterogeneous effects on the extensive margin: while …

links both the cyclical fluctuations and the mean level of unemployment to the aggregate business cycle risk. The key result … of the paper is that business cycles are costly for all consumers, regardless of their wealth, yet that unemployment … fluctuations themselves are not the source of these costs. Rather fluctuations over the cycle induce higher average unemployment …

This paper analyzes the strikingly different response of unemployment to the Great Recession in France and Spain. Their … France, unemployment rate has increased by 2 percentage points, whereas in Spain it has shot up to 19% by the end of 2009. We … matching model, we estimate that about 45% of the surge in Spanish unemployment could have been avoided had Spain adopted …

This paper analyzes the strikingly different response of unemployment to the Great Recession in France and Spain. Their … France, unemployment rate has increased by 2 percentage points, whereas in Spain it has shot up to 19% by the end of 2009. We … matching model, we estimate that about 45% of the surge in Spanish unemployment could have been avoided had Spain adopted …

distinguishing job-to-job, job-to-unemployment, and other transitions. We find that job-to-job transitions are pro-cyclical, while … unemployment transitions are counter-cyclical. Individuals most affected by the economic crisis tend to be young males, living in … regions with high unemployment rates, with low qualifications and working in manual occupations (particularly construction …

This paper analyzes the strikingly different response of unemployment to the Great Recession in France and Spain. Their … France, unemployment rate has increased by 2 percentage points, whereas in Spain it has shot up to 19% by the end of 2009. We … matching model, we estimate that about 45% of the surge in Spanish unemployment could have been avoided had Spain adopted …