. Unemployment insurance has the standard effect of reducing employment but also helps workers to get a suitable job. The predictions … unemployment, productivity growth and wage inequality. To show this, we construct two fictitious economies with calibrated … parameters which only differ by the degree of unemployment insurance and assume that they are hit by a common technological shock …

the lifecycle affects aggregate labor market activity, and in particular, unemployment. While much work has been done on … environment in which unemployment arises as a natural possibility and both young and old workers find themselves contemporaneously …

During the Great Recession of 2007, unemployment reached nearly 10 percent and the ratio of unemployment to open … extension in the length of time in which a claimant can collect unemployment insurance (UI) to 99 weeks, at an expense to date … process. Parameter estimates of the structural model using a sample of unemployment spells from the National Longitudinal …

The Mortensen-Pissarides model with unemployment benefits and taxes has been able to account for the variation in … unemployment rates across countries but does not explain why geographical mobility is very low in some countries (on average, three … times lower in Europe than in the U.S.). We build a model in which both unemployment and mobility rates are endogenous. Our …

-cycle-frequency fluctuations in unemployment and job vacancies in response to shocks of a plausible magnitude. In the U.S., the vacancy-unemployment … vacancy-unemployment ratio and labor productivity have nearly the same variance. I establish this claim both using analytical … small movement along a downward sloping Beveridge curve (unemployment-vacancy locus). A shock to the job destruction rate …

average frequency and duration of unemployment spells. The data sources reveal that unemployment spells are typically frequent … to the well-known time series behavior of unemployment rates. …