An Optimal Unemployment Rate: Comment

Welfare State Unemployment: A Comment

Unemployment Rate and Divorce

This study investigates whether shifts in the unemployment rate affect the divorce probability of married and cohabiting couples. Compared to the match quality shocks utilized in the existing literature, unemployment rate movements are plausibly exogenous and affect individuals through both actual as well as potential loss of a job. I find that a rise in the unemployment rate in the wife’s sect...

Optimal Unemployment Insurance

We investigate the design of an optimal Unemployment Insurance program using an equilibrium search and matching model calibrated using data from the reemployment bonus experiments and secondary sources. We examine (a) the optimal potential duration of UI benefits, (b) the optimal UI replacement rate when the potential duration of benefits is optimal, and (c) the optimal UI replacement rate when...

Optimal Unemployment Insurance

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Forecasting the US unemployment rate

The primary interest of this paper is in out-of-sample forecasting for the U.S. monthly unemployment rate. Several linear unobserved components models are fitted and their comparative forecasting accuracy is assessed by means of and extensive rolling-origin procedure using a test period that covers the last two decades. An attempt is made to link forecasting performance to the time domain prope...