finds equivocal effects on other aggregate outcomes, such as employment and unemployment. Given weaknesses in the …

Unemployment varies substantially over time and across subgroups of the labour market. Worker flows among labour market … states act as key determinants of this variation. We examine how the structure of unemployment across groups and its cyclical … over the last 35 years, we decompose unemployment variation into parts accounted for by changes in rates of job loss, job …

, selective survey of the literature. Four fundamental questions are explored: how are unemployment, job vacancies, and employment …

Wages are only mildly cyclical, implying that shocks to labour demand have a larger short-run impact on unemployment … occasionally renegotiated, unless the persistence in unemployment is implausibly low. We then provide some evidence that part of …