Existing models of equilibrium unemployment with endogenous labor market participation are complex, generate … procyclical unemployment rates and cannot match unemployment variability relative to GDP. We embed endogenous participation in a … variabilities but also generates strongly countercyclical unemployment rates. With some wage rigidity the model also matches …

precautionary saving and a shift toward safer assets in the years leading up to unemployment, and depletion of savings during … unemployment. This suggests that at least some households can foresee and prepare for upcoming unemployment, which indicates that … private savings can complement publicly provided unemployment insurance. …

A standard model of equilibrium unemployment consists of static equations for real wage ambitions (wage curve) and real … unemployment approaches the NAIRU from any given initial value, inflation will be increasing or decreasing over time. We formalize …'s equations are re-interpretated as attractor relationships. We show that NAIRU unemployment dynamics are sufficient but not …

replacement rates or initial tax rates are high, while no increase in unemployment occurs when institutions are "employment …This paper explains the divergent behavior of European an US unemployment rates using a job market matching model of … the labor market with an interaction between shocks an institutions. It shows that a reduction in TF growth rates, an …

in explaining the variability of unemployment and vacancies. If we incorporate long-term wage contracts into the model …

A generalized rise in unemployment rates for both college and high-school graduates, a widening education wage premium … considerable part of the changes but fails to produce the increase in unemployment for the educated labor force. The mismatch shock …

unemployment. But many orthodox reforms of the labor market have proved difficult to implement because of political opposition. For …

summarized as the very existence of unemployment generating political support for "sclerosis". This may help to explain the timid …