unemployment is a non-monotonic function of the minimum wage level. Effects differ strongly by labour market segment. Cross …

unemployment is a non-monotonic function of the minimum wage level. Effects differ strongly by labour market segment. Cross …

Ljungqvist and Sargent (2017) (LS) show that unemployment fluctuations can be understood in terms of a quantity they … understanding unemployment fluctuations. We show how the LS framework can be adapted to incorporate risk premia. We derive an … show how to use properties of the artificial economy to deduce how risk premia affect unemployment dynamics in the original …

of labor policies (and other changes in the economy) on the composition of unemployment and on unemployment duration, as … well as on wage distributions. The effect of introducing a simple unemployment insurance scheme is then twofold. First, it … increases unemployment by allowing a greater proportion of low types not to match, which decreases output. Second, it decreases …

has both a higher inflow rate into unemployment and a higher efficiency of the matching process. While the combined effort …

partners in the marriage market and switch between employment and unemployment in the labor market. In the marriage market … labor market divorces triggered by unemployment has decreased significantly. …

unemployment is a non-monotonic function of the minimum wage level. Effects differ strongly by labour market segment. Cross …

unemployment is a non-monotonic function of the minimum wage level. Effects differ strongly by labour market segment. Cross …

higher wages. This increases firms' incentives to post more vacancies, which makes unemployment volatile and sensitive to … aggregate shocks. The model is robust to two major criticisms of existing theories of sluggish wages and volatile unemployment … explains 70% of unemployment volatility …

to avoid elevated unemployment rates during the transition. …