2010-2018. Using Jordà's (2005) local projection method, we find that unemployment rates decline in response to …. In the periphery countries, the reduction in unemployment rates is relatively pronounced, while in the core countries it …

part-time workers. A one percentage point increase in the unemployment rate led to an average decline in real hourly wages … of new hires are not helpful for understanding the behaviour of unemployment over the business cycle. …

how this framework can generate changes in unemployment and labor participation that match those uncovered by the ….S. states, including many that experience unemployment during the transition. However, nominal rigidities reduce the overall U …

The distribution of unemployment duration in our equilibrium matching model with spell-dependent unemployment benefits … aggregate unemployment rate. Structural estimation using a German micro-data set (SOEP) allows us to discuss the effects of a … recent unemployment benefit reform (Hartz IV). The reform reduced unemployment by only 0.3%. Contrary to general beliefs, we …