that a shock to the net flow from unemployment to employment drive the unemployment rate and the participation rate in … performance. Our analysis has two special features. First, apart from the two labour market states - employment and unemployment … opposite directions while a shock to the net flow from not in the labour force to unemployment drives the rates in the same …

poor re-employment outcomes …

wages. We estimate a negative connection between establishments’ wage cyclicality and their employment cyclicality, thereby …

employment-population ratio among black Americans falls close to twice as much as that among white Americans, primarily due to an … increase in their unemployment rate and not a decline in labour force participation rate. Policymakers should take account of …

unemployment and its duration distribution. Using the SIPP, we document the relation between workers' (gross and net) occupational … mobility and unemployment duration over the long run and business cycle. To interpret this evidence, we develop an analytically … countercyclical net occupational mobility, the large volatility of unemployment and the cyclical properties of the unemployment …

unemployment fluctuations resting onthis countercyclicality of gross flows from unemployment into employment. In recessions …In recessions, unemployment increases despite the—perhaps counterintuitive—fact that thenumber of unemployed workers … finding jobs expands. On net, unemployment rises only becauseeven more workers lose their jobs. We propose a theory of …

unemployment is high. Using monthly panel data for local labour markets in Sweden we find no (or only weak) evidence that high … unemployment makes it easier to fill vacancies. Instead, there are few vacancies when unemployment is high because there is a low … cyclical behaviour of stocks and flows in the labour market also without search frictions. In periods of high unemployment …

We build an analytically and computationally tractable stochastic equilibrium model of unemployment in heterogeneous … separate from employment and endogenously reallocate between markets, in response to changing aggregate and local conditions … countercyclical unemployment, and is simultaneously consistent with procyclical reallocation, countercyclical separations and a …

and find that a ten-percentage-point increase in the initial conational share lowers employment rates by 3.1 percentage … effect on wages conditional on employment. The employment effect appears to be due to the effect of differences in the …

response to an interest shock is found to be too large and no longer hump-shaped in this case. In addition we find that the … response of output to a technology shock can only be reconciled with empirical findings if either the adjustment of the …