We evaluate the effects of international outsourcing and labor taxation on wage formation and equilibrium unemployment …

positivepredictions of the model change very little, but the welfare costs of unemployment are muchlarger because unemployment risk is … distributed unequally across workers. As a result,optimal unemployment insurance may be higher and welfare is lower if hiring is …

Differences in regional unemployment in post-communist economies are large andpersistent. We show that inherited … variation in human-capital endowment across the regionsof four such economies explains the bulk of regional unemployment …

We evaluate the effects of outsourcing and wage solidarity on wage formation andequilibrium unemployment in a …

unemployment and its underlying duration distribution. We develop an analytically and computationally tractable stochastic … equilibrium model with heterogenous labor markets. In this model three different types of unemployment arise: search, rest and … reallocation unemployment. We document new evidence on unemployed workers’ gross occupational mobility and use it to calibrate the …

For U.S. recessions since 1948, we study paneled time series of (i) ExUR, the excess of the unemployment rate over the … maximum effect of NGAP on unemployment occurs with a lag of 2 to 3 quarters. …