unemployment-spell. Consequently, our calculations suggest that the steady-state unemployment rate fell by as much as one-fifth. …

unemployment-spell. Consequently, our calculations suggest that the steady-state unemployment rate fell by as much as one-fifth. …

models have deeply renewed the understanding of job search, job flows, job creations and destructions, unemployment and wage … optimal level of unemployment benefits, the funding of unemployment insurance and the impact of employment protection …

unemployment rate and the actual unemployment rate in the country, which is a meaningful indicator of their misperception of labor … model includes: controls for the worker's ability; country-specific fixed effects; the unemployment rate in the region of … residence, which might be the benchmark respondents have in mind when reporting their perception of the national 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%. …

unemployment-spell. Consequently, our calculations suggest that the steady-state unemployment rate fell by as much as one-fifth. …

unemployment-spell. Consequently, our calculations suggest that the steady-state unemployment rate fell by as much as one-fifth. …

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%. …

, the model captures the shapes of the empirically observed age profiles of average wages, the unemployment rate, the … unemployment to employment transition rate, and the employment to employment transition rate. …