The Beveridge curve depicts a negative relationship between unemployed workers and job vacancies, a robust finding …. The Beveridge curve depicts the steady state of the model, whereby inflows into unemployment are equal to the outflows …

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

. This model yields a simple relationship between (i) the unemployment rate, (ii) the value of non-market time, and (iii) the … and allow for measurement error. The estimated wage dispersion and mismatch for the US is consistent with an unemployment …

spirit of Blanchard and Summers (1988), the model can generate multiple equilibria, with a low-quits/high-unemployment … equilibrium coexisting with a high-quits/low-unemployment equilibrium. Under weak conditions, low-unemployment equilibria Pareto … dominate high-unemployment equilibria. Mobility premia improve aggregate welfare but may increase unemployment. …

those vacancies come onto the market. In particular, these workers’ experience average durations of unemployment which …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 …

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 …

-workers, allowing firms to pay lower efficiency wages. On the other hand, informal searches provide fewer job and applicant contacts … employment is controlled for. This evidence suggests referred workers earn higher wages not because of higher unobserved ability …

In this paper, we present a matching model with adverse selection that explains why flows into and out of unemployment …, who are more likely to turn out to be 'lemons'. We use microdata for Spain and the US and find that the ratio of the job …

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 …