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 …

This paper investigates the border between formal employment, shadow employment, and unemployment in an equilibrium … employment is correlated with unemployment, and it is tolerated because the repression of shadow activity increases unemployment … the model. The paper suggests also that policies aimed at reducing the shadow economy are likely to increase unemployment. …

institutions (wage rigidity and employment protection) increased, but to a much lesser extent, the unemployment gap. … others suffer long periods of costly adjustment, typically high and persistent unemployment and temporary output losses. We … unemployment duration spells, relatively large wage penalties when changing jobs and higher likelihood of leaving activity for …