We develop a model of directed technological change, frictional unemployment and migration to examine the effects of a …, an increase in the skill ratio can reduce the relative unemployment rate of skilled workers and decrease the relative …

commentators have argued that the subsequent rise in unemployment exceeded previous estimates of the elasticity of the unemployment …-term estimate of Okun’s coefficient implying that the deviation in unemployment during the crisis resulted from a larger output gap … period utilized. Focusing more on short-term fluctuations, changes in unemployment are decomposed to identify the association …

, our welfare analysis of fiscal alternatives shows that the young prefer increases in unemployment transfers as this …

Long-term unemployment more than doubled during the UK’s Great Recession. Only a small fraction of this persistent … increase can be accounted for by the changing composition of unemployment across personal and work history characteristics … participation flows can account for over two-thirds of the high level of long-term unemployment following the financial crisis …

We develop a model of directed technology adoption, frictional unemployment, and migration to examine the effects of a … function, an increase in the skill ratio can reduce both the relative unemployment rate and the relative emigration rate (brain …

vacancy-unemployment relation …