Income Tax (NIT) at the bottom of the income distribution, in the presence of unemployment and wage responses to taxation … that incorporates unemployment and endogenous wages. This formula nests a broad variety of structures of the labor market … unemployment and wage responses are not taken into account …

sharp increase in the incidence of long-term unemployment (LTU) during the Great Recession. We first show that compositional … shifts in demographics, occupation, industry, region, and the reason for unemployment jointly account for very little of the … model that allows for duration dependence in the exit rate from unemployment and for transitions between employment (E …

Standard search and matching models of equilibrium unemployment, once properly calibrated, can generate only a small …

We compare patterns of unemployment and joblessness between Canada and the U.S. during the Great Recession. Similar to … previous findings for the U.S. in Kroft et al. [2016], we document a rise in long-term unemployment in Canada. This increase is … us to model duration dependence in all labor force flows involving either unemployment or non-participation. To calibrate …

The recent European experience of high persistent unemployment has led to the development of theories of unemployment … hysteresis embodying the idea that the equilibrium unemployment rate depends on the history of the actual unemployment rate. This …

set of contingent claims conditional on this risk.We use the model to evaluate a tax-financed unemployment insurance … stochastic ones---generate rather limited unemployment effects, unless workers are close to indifferent between working and not …

a longer unemployment spell -- by sending fictitious resumes to real job postings in 100 U.S. cities. Our results …'s unemployment spell, with the majority of this decline occurring during the first eight months. We explore how this effect varies … that employer screening plays an important role in generating duration dependence; employers use the unemployment spell …

We study how the level of unemployment insurance (UI) benefits that trades off the consumption smoothing benefit with … moral hazard cost is procyclical, greater when the unemployment rate is relatively low. By contrast, our evidence suggests … standard deviation increase in the unemployment rate leads to a roughly 14 to 27 percentage point increase in the welfare …