accumulated by workers. A matching function relates unemployment, hiring expenditure, and search effort to the formation of jobs …A welfare analysis of unemployment insurance (UI) is performed in a general equilibrium job search model. Finitely … to match microeconomic studies of unemployment spells. Under logarithmic utility, numerical simulation shows rather small …

macroeconomic model of the US economy designed for a welfare analysis of unemployment insurance policy. The other models make three … unemployment insurance, partly because search externalities magnify the effects of wage changes. The optimal level of unemployment …

information-based unemployment, where able workers are rejected by firms because of their lack of offers in previous interviews …. This effect may make the market less efficient than random matching. We show that the first best can be achieved using …

implements positive assortative matching, which is efficient and consistent with the stable (cooperative equilibrium) outcome …

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 …

We analyze how unemployment, job finding and job separation rates react to neutral and investment-specific technology … shocks. Neutral shocks increase unemployment and explain a substantial portion of it volatility; investment-specific shocks … responsible for the impact response of unemployment while job finding rates for movements along its adjustment path. The evidence …

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. …

We construct a utility-based model of fluctuations, with nominal rigidities and unemployment, and draw its implications … for the unemployment-inflation trade- off and for the conduct of monetary policy. We proceed in two steps. We first leave … unemployment in the constrained efficient allocation. We then focus on the implications of alternative real wage setting mechanisms …

those that affect the long-run unemployment rate. …