The paper explores the influence of job security provisions on employment and unemployment. We show that this influence …’ bargaining power in wage negotiations. Specifically, costs of firing and hiring reduce employment and stimulate unemployment when … offers an explanation for Europe’s favourable unemployment performance vis-à-vis the United States in the 1950s and 1960s …

unemployment: labour unions, supply shocks combined with real wage rigidity, and automation and trade combined with real wage … rigidity. The fourth and fifth sections deal with deficient demand and labour turnover costs as sources of unemployment. The … final section deals with unemployment dynamics. …

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 …

apprentices in their training firms is fairly low. Second, the transition to employment involves unemployment periods for many …

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

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 …

Similar durations but lower flows into unemployment gave Europe lower unemployment rates than the United States until … the 1970's. But since 1980, higher durations have kept unemployment rates in Europe persistently higher than in the U.S. A … costs and more generous unemployment compensation make its unemployment rate respond to a parameter that measures a worker …

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