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 …

equilibrium model of wage dynamics and unemployment. The model is developed under the assumption of worker mobility, so that … Beaudry and DiNardo (1991). We solve for the dynamics of wages and unemployment, and show that real wages do not necessarily … to match actual unemployment and wage series. We also show that equal treatment follows in our model from the assumption …

downward rigidity, and magnifying the response of unemployment to negative shocks. We also consider layoffs and show that for a …

History is replete with overt discrimination on the basis of race, gender, age, citizenship, ethnicity, marital status … such as race, gender, or ethnicity is much less acceptable. Why? I develop a simple rent-seeking model of conflict which is …

a panel data set for the US constructed from micro data, I find support for the hypothesis that within race inequality …