cyclical volatility of unemployment and vacancies. The increased search of employed workers during expansions has two effects … job search. The overall effect of OTJS on unemployment volatility is thus ambiguous. We showanalytically and numerically … unemployed job seeker determines the degree to which OTJS increases unemployment volatility. We use this result to re …

unemployment rate. Exogenous shocks (such as aging) leading to lower interest rates also imply lower equilibrium unemployment rates …

the role of labor market imperfections and institutions. We setup a two-country overlapping generations model with search … unemployment, which we calibrate on EU15 and US data. Labor market imperfections are found to significantly increase the volume of … to investigate how demographic asymmetriesmay have contributed to unemployment and welfare changes in the recent past …