This paper develops a dynamic model of mismatch. Workers and jobs are randomly assigned to labor markets. Each labor market clears at each instant but some have more workers than jobs, hence unemployment, and some have more jobs than workers, hence vacancies. As workers and jobs move between labor markets, some unemployed workers find vacant jobs and some employed workers lose or leave their jo...

The impact of labor market insecurity on immigrants’ mental health is understudied. This current study investigated whether labor market insecurity, as measured by different employment arrangements, has detrimental impact on immigrants’ depression, and if so, how it compares to the role of unemployment. Furthermore, this study investigated whether labor market insecurity had more detrimental im...

The Long-Term Effects of Job Search Requirements: Evidence from the UK JSA Reform This paper investigates long-term returns from unemployment compensation, exploiting variation from the UK JSA reform of 1996, which implied a major increase in job search requirements for eligibility and in the related administrative hurdle. Search theory predicts that such changes should raise the proportion of ...

This paper investigates long-term returns from unemployment compensation, exploiting variation from the UK JSA reform of 1996, which implied a major increase in job search requirements for eligibility and in the related administrative hurdle. Search theory predicts that such changes should raise the proportion of non-claimant nonemployed, with consequences on search effort and labor market atta...

The high U.S. unemployment rate after the Great Recession is usually considered as a result of changes in factors influencing either the demand side or the supply side of the labor market. However, no matter what factors have caused the changes in the unemployment rate, these factors should have influenced workers’ and firms’ decisions. Therefore, it is important to take into account workers’ e...

The unemployment rate can more than double during a recession, and to combat the negative effects of a recession the government stimulates the economy by using various combinations of three primary stimulus methods. These methods-tax cuts, government-funded projects and increasing the duration of unemployment insurance--are not equally effective. In this project I used an agent-based model to a...

This paper models the unemployment effects of restrictions on greenhouse gas emissions, embodying two of the most significant types of short term economic imperfections that generate unemployment: sectoral rigidities in labor mobility and sectoral rigidities in wage adjustments. A labor policy is also analyzed that would reduce the direct negative economic effects of the emissions restrictions....

IN AN EARLIER ISSUE OF Brookings Papers on Economic Activity, George Perry argued that the Phillips curve, measured in the conventional way, had shifted to the right in recent years, and estimated that a 4 percent overall unemployment rate would produce about 1 /2 percentage points more inflation per year than was the case in the mid-1950s.1 Perry's conclusion was based on a wage equation that ...