Quit Turbulence and Unemployment

European Unemployment and Turbulence Revisited in a Matching Model

We recalibrate den Haan, Haefke, and Ramey’s matching model to capture our preferred specification of ‘turbulence’, modelled in terms of the transition dynamics of human capital after voluntary and involuntary job losses. Under our calibration, an increase in turbulence increases the unemployment rate and the duration of unemployment while leaving the inflow rate into unemployment roughly uncha...

Quit early, quit often.

Unemployment Insurance and Unemployment Spells

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Graduates Unemployment and Criminality in Ado-Ekiti

This paper examines the effect of unemployment on the behavior of the university graduates in Ado-Ekiti and their immediate environment. Hanging the study on strain theory of Robert K. Merton, It is observed that Nigerian society places much emphasis on goals without making adequate provision for the means of achieving them; the tendency is to resort to deviant means. Multi-stage sampling techn...

Cyclical Unemployment, Structural Unemployment

Whenever unemployment stays high for an extended period, it is common to see analyses, statements, and rebuttals about the extent to which the high unemployment is structural, not cyclical. This essay views the Beveridge curve pattern of unemployment and vacancy rates and the related matching function as proxies for the functioning of the labor market and explores issues in that proxy relations...