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 …

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

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

This paper starts from the observation that despite their very high levels of unemployment, major European countries … have devoted few resources to reducing it. This suggests that there is little political concern about high unemployment. I …

This paper describes an equilibrium labour market in which an unemployment benefit system cannot raise the average … unemployment is high, but pays much lower rates in booms. By targeting unemployment compensation to recessions, when being … substantially reduces average unemployment. …