This paper analyzes the strikingly different response of unemployment to the Great Recession in France and Spain. Their … labor market institutions are similar and their unemployment rates just before the crisis were both around 8%. Yet, in … France, unemployment rate has increased by 2 percentage points, whereas in Spain it has shot up to 19% by the end of 2009. We …

, selective survey of the literature. Four fundamental questions are explored: how are unemployment, job vacancies, and employment …

of unemployment. We further find that allowing for on-the-job search markedly changes the quantitative predictions of the … DMP model regarding the impact of firing costs on unemployment and employment flows: ignoring on-the-job search leads one … to strongly underestimate the negative impact of firing costs on unemployment …

We analyze the impact of imperfect contract enforcement on the emergence of unemployment. In an experimental labor … observable, but not verifiable to a situation where explicit contracts are feasible. Our main result shows that unemployment is … much higher when third-party contract enforcement is absent. Unemployment is involuntary, being caused by firms' employment …

Recent evidence from large-scale field experiments has shown that employers use job candidates' unemployment duration … unemployment durations. In addition, these participants rate the job candidates on statements central to four theoretical … mechanisms often related to the scarring effect of unemployment: general signalling theory, (perceived) skill loss, queuing …

regression discontinuity design based on this exogenous change in unemployment status for this particular group of workers, we …