Using recent results in the measurement error literature, we show that the official U.S. unemployment rates … substantially underestimate the true levels of unemployment, due to misclassification errors in labor force status in Current …. During the period of 1996 to 2009, the corrected monthly unemployment rates are 1 to 4.6 percentage points (25% to 45 …

Using recent results in the measurement error literature, we show that the official U.S. unemployment rate … substantially underestimates the true level of unemployment, due to misclassification errors in the labor force status in the … Current Population Survey. During the period from January 1996 to August 2011, the corrected monthly unemployment rates are …

How important is imperfect competition in the product market for employment dynamics? To investigate this, we formulate … a theoretical model of employment adjustment with imperfect competition in the product market, search frictions, and … convex adjustment costs. From this model, we derive a structural equation for employment that we estimate on firm-level data …

passive employment policies consist of cash transfers for unemployed people. From a cyclical point of view, unemployment …The main objective of passive employment policies is to guarantee a certain level of consumption and well-being for … workers who lose their jobs. These policies also aim to assist the unemployed in searching for a new job and to improve the …

This paper examines the movements in EU unemployment from two perspectives: a) the NRU/NAIRU perspective, in which … unemployment movements are attributed largely to changes in the long-run equilibrium unemployment rate and (b) the chain …-reaction perspective, in which unemployment movements are viewed as the outcome of the interplay between labor market shocks and prolonged …

Asian Americans faced a disproportionately larger surge in unemployment rates than other racial and ethnic groups … more selective about job opportunities, contributing to their higher unemployment rate than other groups. Analysis of …

This paper examines the economic effects of employment protection legislation in a sample of developed and developing … associated with cross-country regressions. This test is based on the hypothesis that employment protection regulations are more … are intrinsically more volatile. The paper also finds that employment and value added decline in the most affected sectors …

As a measure of labor market strength, the raw employment-to-population ratio (EPOP) confounds employment outcomes with … labor supply behavior. Movement in the EPOP depends on the relative movements of the employment rate (one minus the … unemployment rate) and the labor force participation rate. This paper proposes an adjustment to the calculation of the EPOP using …

sanctions for young unemployed welfare recipients based on German administrative data. The German welfare system is particularly …

to formal and informal employment. Persistent earnings differentials are used as indicators of limited mobility across … segments of the employed labor force. We find evidence of labor market segmentation between formal and informal employment and … between different categories of informal employment which cannot be fully explained by human capital, physical asset, or …