This paper examines the causes of observed increase in the duration of unemployment relative to the unemployment rate … the change in the structure of unemployment duration. In particular, we examine how much of the observed change can be … unemployment insurance and the change in union affiliation. We show that changes in the composition of the labor force and …

Shimer and Hall point out how new measurements of the job finding probability explain unemployment volatility significantly …

In this paper I argue that most comparisons of the unemployment dynamics in the United States and Europe since the war … experiences in the two continents. Growth has a big impact on unemployment in econometric estimation. I use established estimates …

in unemployment and vacancies but also wages, is the drop in consumption for the unemployed. In addition, explaining the …

role to cross-country differences in social unemployment insurance institutions that Prescott argues can be safely ignored …

unemployment and vacancies of the magnitude observed in US data in response to shocks to average labor productivity of plausible … response of unemployment and vacancies to a shock to average labor productivity. In light of these properties, cast in terms of …

labor market models have a hard time generating the degree of cyclical volatility in unemployment and vacancies that is …, job destruction and unemployment. We start from the reasonable assumption that the disutility of effort (in our case the … the average unemployment rate. It is important to point out that in our paper, incorporating an incentive compatible wage …