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 …

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 …

In this paper, we present a matching model with adverse selection that explains why flows into and out of unemployment …

The paper surveys unemployment policies for advanced market economies and evaluates them by examining the predictions … of the underlying macroeconomic theories. The basic idea is that, for the most part, different unemployment policy … - on the ability of these theories to predict some salient stylized facts about unemployment behaviour. The paper considers …

and by the need to reallocate workers across productive activities. The duration of unemployment and jobs and wage … policies on wages and unemployment. …

This paper analyzes the strikingly different response of unemployment to the Great Recession in France and Spain. Their … labor market institutions are similar and their unemployment rates just before the crisis were both around 8%. Yet, in … France, unemployment rate has increased by 2 percentage points, whereas in Spain it has shot up to 19% by the end of 2009. We …

unemployment are large, countercyclical, and highly coincident in the four European countries examined in this paper. The most … surprising finding is that exits from unemployment exhibit a countercyclical pattern, similar to that in Japan and the United …

unemployment, very low volatility of labour market tightness, and for a positively sloped Beveridge curve. These implications are …