.S. unemployment rates. We extract the common dynamics among unemployment rates disaggregated for seven age groups. The framework … allows analysis of the contribution of demographic factors to secular changes in unemployment rates. In addition, it allows … favor of the common factor and of the switching between high and low unemployment rate regimes. We also find that …

cross-country calibration of search models of unemployment. We find that cross-country differences in job-finding rates are … unemployment and labor force participation rates to impute steady-state worker flows for twenty-three of the countries in our …

This paper examines the causes of the observed increase in the average duration of unemployment over the past thirty … in the generosity and coverage of unemployment insurance. We find that changes in the composition of the labor force and … institutional changes can only partially account for the longer duration of unemployment. We construct a job search model and …

risk of unemployment during recessions than are skilled workers. Moreover, unskilled workers earn less income, which limits … their ability to self-insure. We examine how this heterogeneity in unemployment risk and income translates into …

hiring and firing costs, search frictions with vacancy costs, unemployment benefits, firm entry costs, and a tax wedge …

There is wide agreement that the dynamics of inflation and unemployment are influenced by supply and demand shocks … approach to decompose movements in U.S. postwar unemployment and inflation into three orthogonal components. These components … observable variables in sensible ways, and they are used to analyze and interpret inflation-unemployment tradeoffs and postwar …

of 2009, including the unemployment, inflow, and outflow rates by workers of different educational attainment. We … the short term, but can cause a higher equilibrium unemployment rate in the long term. Employment subsidies succeed in … lowering the unemployment rate permanently, but the policy entails high fiscal costs. …

Eleven of fourteen monetary tightening cycles since 1955 were followed by increases in unemployment; three were not …