This paper provides a unified account of the trends in unemployment and labor force participation pertaining to the … the United States, (ii) the similar but more pronounced decline in Europe alongside rising unemployment rates and (iii …) differences across European countries in the role played respectively by unemployment and labor force participation. The model …

how easier home financing and higher homeownership rates increase unemployment rates. To this purpose we build a model of … decline while job loss rates increase, causing the overall unemployment rate to rise. We estimate this model structurally … requirements, increase unemployment rates by 6 percent points. We also find that declining labor demand decreases homeownership …

- cancy subsidy, a layoff tax and unemployment benefits. We derive analytical expressions for the optimal setting of each of … replacement rate of unemployment insurance should all rise in recessions. We find this confirmed in a calibration targeted to the …

unemployment rates. To this end, we develop a matching model à la Pissarides (2000) in which homeowners are assumed to be less …

successfully utilized for macroeconomic predictions. Specifically, we study unemployment rates and their interconnection with job …-related searches. We show that Google searches enhance nowcasting models of unemployment rates for the Czech Republic and Hungary …

, Germany, and the United Kingdom, we document striking similarities in spatial differences in unemployment, vacancies, job … finding, and job filling within each country. This robust set of facts guides and disciplines the development of a theory of … quantitatively rationalizes why differences in job-separation rates have primary importance in inducing differences in unemployment …

unemployment and its duration distribution. Using the SIPP, we document the relation between workers' (gross and net) occupational … mobility and unemployment duration over the long run and business cycle. To interpret this evidence, we develop an analytically … countercyclical net occupational mobility, the large volatility of unemployment and the cyclical properties of the unemployment …

-Mortensen-Pissarides model. Log linearization under- states the mean and volatility of unemployment, but overstates the volatility of labor … market tightness and the magnitude of the unemployment-vacancy correlation. Log linearization also understates the impulse … responses in unemployment in recessions, but overstates the responses in the market tightness in booms. Finally, the second …

(market-level effect) to changes in the duration of unemployment insurance (UI) benefits. To implement this approach, we …

' incentives to create jobs, increases unemployment, and lowers GDP. To quantify the effects of this novel channel, we extend the … counterfactual exercises. We find that the adverse effects of our mechanism on the economy's TFP, GDP, and unemployment are sizable. …