working schedules. This simple model can generate unemployment, even if wages adjust instantaneously, firms are perfectly … to be unemployed because, on the one hand, firms do not find it optimal to hire low-skilled workers when labor hours must … alternative explanation for why unskilled workers are a primary source of structural unemployment"--Federal Reserve Bank of St …

How do job losers use default -- a phenomenon 6x more prevalent than bankruptcy --as a type of “informal" unemployment … the policies, however, is a .2-.5% higher unemployment rate during recessions that persists throughout the recovery. …