labor market and skill obsolescence from long-term unemployment. The model can account for key features of the Great … aggregate demand raises unemployment and the training costs associated with skill obsolescence. Lower employment hinders …

How the provision of unemployment benefits affects employment and unemployment is a debated issue. In this paper, we … job market with search effort and labor force participation decisions while varying the maximum length of unemployment … effort when unemployment benefits are extended. However, individuals are more likely to participate in the labor force and to …

institutions (short-time work, government spending rules) and shocks (aggregate, labor market, and policy shocks) and to perform …

institutions (short-time work, government spending rules) and shocks (aggregate, labor market, and policy shocks) and to perform …

institutions (short-time work, government spending rules) and shocks (aggregate, labor market, and policy shocks) and to perform …

counteract a steep increase in unemployment. We show that short-time work can actually save jobs. However, there is an important …

counteract a steep increase in unemployment. We show that short-time work can actually save jobs. However, there is an important …

unemployment and output fluctuations. The central question is whether the rule based component (i.e., the existence of the … our baseline scenario the rule based component stabilizes unemployment fluctuations by 15% and output fluctuations by 7 … significant effect on unemployment. These effects are based on a structural VAR estimation which is identified using the output …

labor market and skill obsolescence from long-term unemployment. The model can account for key features of the Great … aggregate demand raises unemployment and the training costs associated with skill obsolescence. Lower employment hinders …