an individual employer-worker match is allowed, the impact of severance payments on unemployment duration and incidence …

workers, that this presumption is in general misplaced: the impact of severance payments on unemployment is qualitatively … unemployment, depending on the union’s coverage of outsiders’ contracts. This prediction finds empirical support in a panel dataset …

Standard search and matching models of equilibrium unemployment, once properly calibrated, can generate only a small …

unemployment and an increased labour share of income, variables that remained stable in the US We hypothesize that these changes in …

unemployment by lowering the aggregate job-finding rate. We use this framework to measure the contribution of mismatch to the … recent rise in U.S. unemployment by exploiting two sources of cross-sectional data on vacancies, JOLTS and HWOL, a new …/3 of the total observed increase in the unemployment rate, whereas geographical mismatch plays no apparent role. The share …

technology growth and institutional variables affect equilibrium wage inequality, income shares and unemployment. Next, it … – Continental Europe comparison: an embodied technological acceleration interacted with different labour market institutions can … explain a significant part of the differential rise in unemployment and capital share and some of the differential dynamics in …

We examine how technological change affects wage inequality and unemployment in a calibrated model of matching … the fact that, in the model calibrated to the US economy, both unemployment and vacancy durations are very short, i …