Unemployment insurance schemes face a well-known trade-off between providing income support to those out of work and …

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

to implement. The empirical relevance is illustrated in an application to the effect of unemployment on happiness …

unemployment Search and Matching models. A benchmark HC model is thus modified to allow for lower job displacement risk, and higher … investment in human capital are consistent with observed patterns, such as unemployment duration dependence (stigma), post …

German Socio-Economic Panel (SOEP) data for the years 2000 to 2016, we analyse unemployment durations and unemployment …-term unemployment. Furthermore, the duration of unemployment prior to finding a new job rises with age. This pattern is particularly … between unemployment and an individual’s subsequent wage. This depressing impact is significant only for unqualified workers …

properties of employment and unemployment equilibrium. Second, it applies the model to the study of employment fluctuations and … to the explanation of differences in unemployment rates in industrialized countries. The search and matching model is … unemployment and of jobs out of the market (the ‘job destruction’ flow). Steady-state equilibrium is at the point where the two …