institutions will have to start technical and professional education programs. Several new educational institutions will have to be …

negative duration dependence of exit rates from unemployment. Our model has a number of novel testable implications. For …

A new methodology is described which tests between various equilibrium theories of unemployment using matching data … identify a matching process using data which is recorded monthly, and also shows how to identify different unemployment … those vacancies come onto the market. In particular, these workers’ experience average durations of unemployment which …

mandated unemployment insurance (UI) and employment protection (EP). To illuminate the forces in these models, we study how UI … higher layoff taxes suppress frictional unemployment in less turbulent times, prevails in the models with labour market … impossible to include generous government-supplied unemployment insurance in that model without getting the unrealistic result …

. The Beveridge curve depicts the steady state of the model, whereby inflows into unemployment are equal to the outflows …

relatively choosier at the beginning of their unemployment spell. Hence they tend to continue to search unless a sufficiently …

most of the key variables, the negative co-variation of unemployment and vacancies, and the behaviour of the worker job …