two members. Households face unemployment risks but their members adjust their labor supplies to insure against … unemployment. We use the model to explain the cyclical properties of aggregate employment and participation. As in the US data, the … household against unemployment risks. …

We offer a decomposition for the variance of the current unemployment rate that not only measures the contributions of …

I calculate unemployment multipliers of fiscal consolidation policies in a standard, closed-economy New Keynesian … framework with search and matching frictions, and, as an innovation, in the presence of sectoral heterogeneity. Family and non … percentage of family firms in the labor force. I find that fiscal austerity raises unemployment. Both at peak and cumulatively …

. The effects of training programmes on the outflows from unemployment and the effects of all ALMP programmes on the … gives some tentative support to the view that public training programmes can be used to reduce unemployment. …

unemployment entry, optimism decreases job finding by about 8%. This effect weakens over the unemployment spell and eventually … switches sign after about 8 months of unemployment. From then onward, optimism prevents un- employed individuals from becoming … discouraged and thus increases search. On average, optimism increases the duration of unemployment by about 6.5%. …