unemployment and its underlying duration distribution. We develop an analytically and computationally tractable stochastic … cyclical unemployment to be highly volatile. The resulting unemployment duration distribution generated by the model responds … equilibrium model with heterogenous labor markets. In this model three different types of unemployment arise: search, rest and …

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 …

Theoretical work on indexation and contract duration suggests no role for the expected rate of inflation in equations … explaining these variables. Yet, stand-alone or two-equation studies of indexation and contract duration often report that this … duration and indexation decisions and offer a context within which earlier findings can be understood. In this three …

subsidy for home care paid to the parents be defined, in budgetary or in welfare terms, and what does simulation tell us about … the distribution of benefits between the generations? We address these issues analytically and with simulation (using data …