, that frictions (sand-in-the-wheels) may decrease unemployment and that the equilibrium is determined by two simple …

Stronger enforcement of discrimination laws can help to reduce disparities in economic outcomes with respect to race …, ethnicity, and gender in the United States. However, the data necessary to detect possible discrimination and to act to counter …

A recent approach to testing for customer statistical discrimination involves studying price gaps between sellers from … a similar setting, testing for statistical discrimination against female doctors in an online health care market. But we … show that this kind of analysis does not provide evidence on statistical discrimination in this setting because doctors …

employment is the efficient unemployment rate, u*. We define u* as the unemployment rate that minimizes the nonproductive use of …). Accordingly, the efficient unemployment rate is the geometric average of the unemployment and vacancy rates: u* = √uv. We compute …

We introduce dynamic incentive contracts into a model of unemployment dynamics and present three results. First, wage … cyclicality from incentives does not dampen unemployment dynamics: the response of unemployment to shocks is first … cyclicality from bargaining dampens unemployment dynamics through the standard mechanism. Third, our calibrated model suggests 46 …

This study documents how job seekers update perceived job-finding prospects by unemployment duration and by learning … about aggregate unemployment. We find that job seekers perceive an 18% decline in their job-finding probability for each … additional month of unemployment, but perceive a higher job-finding probability when the aggregate unemployment rate is …