cycle fluctuations in employment and unemployment. They argue that it is likely that wages are not adjusted as regularly as …

I propose a new search-and-matching model in which wage rigidity and volatile unemployment endogenously arise. The …-the-job search and replacement hiring into a long-lived jobs framework. The presence of replacement hiring (i) enhances unemployment …

This paper investigates the age-dependency of participation and unemployment by integrating job search with … that the age pattern of search unemployment does not match observed unemployment and we propose a new concept of 'voluntary …' unemployment that agrees well with observations. unemployment, retirement …

We develop a model of job search and use it to assess the effects that the Brazilian unemployment benefit system has on … exit rates from unemployment. In our setup, unemployed workers receive job offers from the formal and informal sectors and … decide whether to accept them or wait. Only jobs in the formal sector come with unemployment benefits. After incorporating …

This paper provides evidence on the behavior of reservation wages over the spell of unemployment using high … to 24 weeks, we find that self‐reported reservation wages decline at a modest rate over the spell of unemployment, with … point estimates ranging from 0.05 to 0.14 percent per week of unemployment. The decline in reservation wages is driven …

This paper provides evidence on the behavior of reservation wages over the spell of unemployment using high … to 24 weeks, we find that self‐reported reservation wages decline at a modest rate over the spell of unemployment, with … point estimates ranging from 0.05 to 0.14 percent per week of unemployment. The decline in reservation wages is driven …

offers, the determinants of reservation wages, transitions out of unemployment, and accepted wages. In this exploratory … wages do decline with the jobless spell (and aggregate unemployment); that transitions out of unemployment exhibit strong …

Standard macroeconomic models underpredict the volatility of unemployment fluctuations. A common solution is to assume … jobs. This form of wage rigidity does not affect job creation and thus cannot explain the unemployment volatility puzzle …