plausibly calibrated hiring costs, employment gradually rises in response to positive TFP news shocks even under standard … preferences. TFP news shocks are identified mainly by current and expected unemployment rates since periods in which average … unemployment is relatively high (low) are also periods in which average TFP growth is slow (fast). We work out the noise component …

.6 percent of employed persons change employers each month, a flow more than twice as large as that from employment to … unemployment. Indeed, on-the-job search appears to be an important element in hiring, as nearly two-fifths of new jobs started …

in their unemployment rate and not a decline in labour force participation rate. Policymakers should take account of …

Rising wage inequality in the U.S. and Britain (especially in the 1980s) and rising continental European unemployment … large data sets from the U.S., Britain, and western Germany to test the Krugman hypothesis for the 1990s, when unemployment …

Surveys of Youth, we find that negative labor market outcomes during high-unemployment periods are mitigated by exposure to a …

Rising wage inequality in the U.S. and Britain (especially in the 1980s) and rising continental European unemployment … large data sets from the U.S., Britain, and western Germany to test the Krugman hypothesis for the 1990s, when unemployment …

participation. A model that is calibrated to replicate the variability of unemployment and participation, and the negative … correlation of unemployment and GDP, implies an aggregate labor supply elasticity along the extensive margin of around 0.3 for men …

Surveys of Youth, we find that negative labor market outcomes during high unemployment periods are mitigated by exposure to a …

Surveys of Youth, we find that negative labor market outcomes during high unemployment periods are mitigated by exposure to a … negative impact of high unemployment periods on labor market outcomes of disadvantaged groups, making extension of high …