A significant fraction of the labor force consists of employed workers who are part-time unemployed (underemployed) in the sense that they are unable to work as much as they prefer. This paper studies the design of optimal unemployment insurance in an economy with unemployment as well as...

Understanding the factors that affect how one transitions from school to the labor market and finally to retirement isimportant both to the individual and to the policy maker. This volume containsseven original and innovative articles that analyze aspects of such labormarket transitions....