unemployment. We show that heterogeneity, reflecting differences in match quality and worker assets, reduces the extent of … fluctuations in separations and unemployment. We find that the model faces a trade-off--it cannot produce both realistic dispersion … in wage growth across workers and realistic cyclical fluctuations in unemployment …

unemployment over the last three decades. We find that while macroeconomic and demographic shocks and changing labor market … relative unemployment has fallen in recent years in part because its more flexible labor market institutions allow shocks to … institutions explain a modest portion of this change, the interaction of these shocks and labor market institutions is the most …

the unskilled. By contrast, in Europe it is undoubtedly the rise and persistence of unemployment. Technology has been … identified as a key reason for the rising US wage inequality, while labor market rigidities are often cited as a key reason for … European unemployment. This paper seeks to provide a unified account of these major factor market developments. It models the …

temporal evolution of job retention rates in U.S. labor markets, using data assembled from the sequence of Current Population …

This paper reassesses the evidence on the assimilation and the changing labor market skills of immigrants to the United … States. We find strong evidence of labor market assimilation for most immigrant groups. For Asian and Mexican immigrants the … find little evidence of declining immigrant "quality" within ethnic groups. The diminished labor market skills of new …

firm. We overview key theories related to offshoring and its labor market effects and survey three waves of the literature …

This paper investigates the potential reasons for the surprisingly different labor market performance of the United … States, Canada, Germany, and several other OECD countries during and after the Great Recession of 2008-09. Unemployment rates … increased moderately in Canada. More recent data also show that, unlike Germany and Canada, the U.S. unemployment rate remains …