Economic stressors such as job insecurity, job loss, unemployment, and underemployment cause severe difficulties for …

the design of optimal unemployment insurance in an economy with unemployment as well as part-time unemployment. Part …-time unemployment provides income insurance and serves as a stepping stone to full-time jobs. Unemployment benefits for part …-timers increase the outflow from unemployment to part-time work but reduce the outflow from part-time work to fulltime employment. We …

The unemployment rise in EU countries has been particularly strong for low-skilled workers. This observation has often … types of workers and with search unemployment. The model is calibrated and simulated to examine the interactions between the … observed unemployment changes …

mainly driven via STW. US unemployment rose at an unprecedented rate, but unlike in previous recessions, it was mostly driven …

recessions. First, we show that the consumption risk of short-time work is considerably smaller compared to unemployment using … frictions featuring an endogenous firing and short-time work decision. In recessions, short-time work reduces the unemployment …

rate in particular contain implicit theories of unemployment. In some cases, the theory is explicit. When the nominal rate … employment, and higher unemployment. Quite separately, the Diamond-Mortensen-Pissarides model is a widely accepted and well …-developed account of turnover, wage determination, and unemployment. The DMP model is a clashing theory of unemployment, in the sense …