Existing models of equilibrium unemployment with endogenous labor market participation are complex, generate … procyclical unemployment rates and cannot match unemployment variability relative to GDP. We embed endogenous participation in a … variabilities but also generates strongly countercyclical unemployment rates. With some wage rigidity the model also matches …

distribution of firm characteristics, sorting patterns between firms and workers, and unemployment rates that can help explaining …

education groups, and the increase in unemployment at all levels of education. In contrast, in previous literature this type of … overeducation is key to understand the response of unemployment to the technology shock. …

We estimate and report life-cycle transition probabilities between employment, unemployment and inactivity for male and … leaving employment and the probability of transiting from inactivity to unemployment, while transitions from unemployment to … explaining the life-cycle profiles of participation and unemployment rates using a novel decomposition method. A key robust …

A new model of unemployment based on an idea of Marx is presented and used to interpret the development of the British … economy from the beginning of capitalism to the present. It is shown that unemployment may be created purposely by capitalists … unemployment and can explain why wages took almost a century and a half to react to the growing capital to labour ratio that …

information-based unemployment, where able workers are rejected by firms because of their lack of offers in previous interviews …