Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2009
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JEL Classification: E24, E32, J63, J64
Keywords: matching, incentives, adjustment costs, unemployment, employment … empirical data, speci�cally for the unemployment rate, the job �nding rate and the
separation rate. This is remarkable, as we do … generates a strong negative correlation between
the job �nding rate and the unemployment rate. And third, it can account for a …