single contract type. Calibrating our model to Spain, we find that unemployment fluctuates 21% more under duality than it … average unemployment rate. In our setup, employment grows gradually in booms, due to matching frictions, whereas the onset of … the dual economy, and therefore decreases volatility. Unfortunately, it also raises unemployment; to avoid this …

the unemployment, this paper tries to answer the following question: Is a nominal permanent disinflation compatible with … short-run unemployment costs but also with long-run output benefits? The answer to this question crucially depends on the …

The co-movements of labor productivity with output, total hours, vacancies and unemployment have changed since the mid …

This paper studies the effect of labor market reform, in the form of reductions in firing costs and unemployment …

In this paper we study first the determinants of unemployment duration distinguishing between exits to temporary and … permanent jobs. Second, we study the determinants of unemployment duration for long-term unemployed, allowing for exits to …