consumption by running down their assets, while the employed save to buffer against future unemployment spells. I also show that …, unlike in models with exogenous income streams, unemployment transfers, by allowing agents to attain higher wages do not …

distribution of firm characteristics, sorting patterns between firms and workers, and unemployment rates that can help explaining …

incentives on retirement in two ways. First, by modeling the transitions between employment, unemployment and retirement in a … simultaneous manner, paying special attention to the transition from unemployment to retirement (which is particularly important in … strong impact on labour market decisions in Spain. Unemployment regulations are shown to be particularly influential for …

This paper explains the divergent behavior of European an US unemployment rates using a job market matching model of … increase in real interest rates, and an increase in tax rates leads to a permanent increase in unemployment rates when the … replacement rates or initial tax rates are high, while no increase in unemployment occurs when institutions are "employment …

in explaining the variability of unemployment and vacancies. If we incorporate long-term wage contracts into the model …

We propose a new econometric estimation method for analyzing the probability of leaving unemployment using uncompleted … unemployment between the 1980s and 1990s during a period of labor market reform. We find that the relative probability of leaving … unemployment of the short-term unemployed versus the long-term unemployed becomes significantly higher in the 1990s. …

A generalized rise in unemployment rates for both college and high-school graduates, a widening education wage premium … considerable part of the changes but fails to produce the increase in unemployment for the educated labor force. The mismatch shock …

fill jobs. Moreover, unemployment rates are higher in industries which use employee referrals more extensively. This paper … search is, however, not necessarily efficient. Congestion externalities in referral search imply that unemployment would be …

In this paper, we present a matching model with adverse selection that explains why flows into and out of unemployment …