By how much does an extension of unemployment benefits affect macroeconomic outcomes such as unemployment? Answering … this question is challenging because U.S. law extends benefits for states experiencing high unemployment. We use data … and find that they increased the unemployment rate by at most 0.3 percentage point …

accessibility to appropriate jobs should shorten the duration of unemployment. We focus on lower-income workers with strong labor …

unemployment and that rising homeownership in OECD countries since the 1960s provides a key explanation for the rise in the natural … have significantly slower exits from unemployment. Overall, homeownership does not increase unemployment. Finally, in line …Oswald hypothesizes that regions and countries with high homeownership rates will experience higher natural rates of …

Many countries have policies aimed at creating jobs in depressed areas with high unemployment rates. In standard … develop a stylized model of frictional local labor markets with the goal of studying the efficiency of unemployment … housing costs, and lower unemployment rates. Although workers can move freely to arbitrage away differences in expected …

a longer unemployment spell -- by sending fictitious resumes to real job postings in 100 U.S. cities. Our results …'s unemployment spell, with the majority of this decline occurring during the first eight months. We explore how this effect varies … that employer screening plays an important role in generating duration dependence; employers use the unemployment spell …

This paper, which follows in an LSE tradition begun by Phillips and Sargan, examines the role of unemployment in … a variety of data sets as a check on the robustness of results, and 3) studies the effects of unemployment on the real … curve. The curve has a negative gradient at low levels of unemployment, but becomes horizontal at relatively high levels of …

, leading in turn to higher, not lower, unemployment. And, even if unemployment comes down, workers may actually be worse off …, going through many spells of unemployment and fixed duration jobs, before obtaining a regular job. Looking at French data … substantial reduction in unemployment duration. If anything, their effect on welfare of young workers appears to have been …

We develop a New Monetarist model with expenditure and unemployment risks that generates equilibria with non …-run trade-o¤ between inflation and unemployment. Distributional effects also generate a quantitatively significant aggregate …