Labor market frictions are not the only possible factor responsible for high unemployment. Credit market imperfections … European and US unemployment differ so much when labor markets have become more similar at the margin in Europe and the US. To …

Labor market frictions are not the only possible factor responsible for high unemployment. Credit market imperfections … European and US unemployment differ so much when labor markets have become more similar at the margin in Europe and the US. To …

We introduce search and matching unemployment into a model of trade with differentiated goods and heterogeneous firms …

We introduce search and matching unemployment into a model of trade with differentiated goods and heterogeneous firms …-over effects of labor market institutions ; unemployment ; international trade ; search frictions ; heterogeneous firms …

We introduce search and matching unemployment into a model of trade with differentiated goods and heterogeneous firms …-over effects of labor market institutions ; unemployment ; international trade ; search frictions ; heterogeneous firms …

unemployment rates, is a good start to understanding the unemployment crisis in the Great Depression. Drawing from rarely used data … sources, this paper compiles historical monthly time series of U.S. unemployment rates, vacancy rates, and labor productivity …, some of which date back to 1890. The frequency, persistence, and severity of the unemployment crises in the model are …

A search and matching model, when calibrated to the mean and volatility of unemployment in the postwar sample, can … conditions from credible bargaining and the congestion externality from matching frictions cause the unemployment rate to rise … potentially explain the large unemployment dynamics in the Great Depression. The limited response of wages to labor market …